Asia is no stranger to leading the way in innovation. The new frontier is crypto, and banks and non-financial institutions alike are eager to claim their space. The question is how the crypto environment will develop across Asia, as differing approaches are being taken across the continent.
The ban on cryptocurrency transactions by the People’s Bank of China in September 2021 brought the country’s extensive crypto-mining operations to a halt. However, it did not end people’s interest in crypto assets, as many simply moved jurisdictions. While this was bad for crypto in China, it has been a boon across the region as expertise developed in other countries.
