Asia has always been very forward-thinking, constantly pursuing new trends and keeping up with digital demands for these trends. Cryptocurrency is no different. Singapore has emerged as the top choice for financial tech companies to settle. The Chinese government is pushing for blockchain in a major way which will ultimately increase this tech advance.
With blockchain being so popular in China, it will attract consumers and investors down that end. China actually already has over 5 years of cryptocurrency research in the bag. Their goal for 2020 is to protect any cyber vulnerabilities and make it safer for people to user crypto. They have created a new law that came into effect January 1st, 2020, which will lay out rules for cryptographic password management. With stricter laws on crypto password management, China will be much less susceptible to any fraud.
In comparison all things crypto-related in the US, there is little happening to suggest dominating the crypto market this year. Maybe in 2030. But by then, Asia will still, be so much farther ahead.
What do you think?
