The cryptocurrency and blockchain industries have made significant strides in becoming functional areas worldwide. However, in some places around the world, such as Southeast Asia, there is a tendency to embrace these technological and financial advancements more.
The Southeast Asia region is strongly represented in Chainalysis’ global cryptocurrency adoption index for 2023, with countries like Vietnam, Philippines, and Thailand being in the midst of a cryptocurrency revolution.
With 5 countries in South and Southeast Asia ranking in the top 10 globally for cryptocurrency adoption, Cointelegraph spoke with Nathan Kim, the marketing director at Unopnd and the lead for Southeast Asia Blockchain Week, to understand more about the region’s prominence and friendliness towards the industry.
Leading Countries in the Field
Situated at the heart of the region, Thailand, in particular, has always been at the forefront of implementing blockchain across various industries and supporting blockchain-based projects.
Singapore is another country considered a global leader in the overall Web3 space. In 2023, the central bank committed $112 million to support local fintech solutions leveraging new Web3 technologies.
Lastly, Japan has collaborated with the regulatory agencies of Japan and Singapore in building regulations and piloting cryptocurrency projects.
