The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Fintech

Asia totters on its cryptocurrency stance

The region is a vital part of the world crypto community, mostly as investor and miner. But Korea and China have turned against virtual currencies, though Japan, despite recent setbacks, may have the answer.

bitcoin-machine-600

 

IN ADDITION        

In July, Tama Churchouse, a founder of Stansberry Churchouse Research and partner at blockchain group block.one, made a big claim. “Asia is truly the epicentre of the global cryptocurrency boom,” he wrote. 

He supported his argument with a chart, sourced to coinmarketcap.com, suggesting that four of the world’s top six cryptocurrencies by 24-hour trading volume were in Asia: Bithumb in Korea, Yunbi in China, OkCoin.cn also in China and Bitfinex in Hong Kong, with China’s Huobi and Korea’s Coinone also making the top 10. 


Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree