Report: 7 Asian Countries And Areas Pushing Up Regulations On Cryptos

Updated : 2019-12-03T07:20:01

According to sina.com, Asia displays a more constructive posture with regard to the regulation of crypto assets. There are eight countries in Asia, which maintain an open mind and have no specific regulations on holding and trading cryptos, including Singapore, Malaysia and Mongolia. Seven Asian countries including Japan, Korea and Thailand are pushing up relevant regulations and advocating a dynamic regulation mode. An expert with the Asian Development Bank said that high-quality crypto regulations are helpful in terms of innovations and the development of the financial industry and proposed a regulation environment where rules are established, credibility strengthened and bureaucratism eliminated.