CRYPTO

Riccardo Tordera : China is growing due to the growth of the digital yuan project where in a very short period of time , over 300 million wallets were set up . In India , we have seen a greater push towards the CBDC digital rupee which could have an equal take up on growth .

Kate Leaman : Asia , particularly India and China , is playing a vital role in driving the growth of the crypto industry . With their massive populations and increasing internet and smartphone usage , these regions have become hotspots for crypto wallet adoption . Adding to the momentum , the governments in India and China have put in place supportive policies and initiatives that encourage the use of digital currencies and promote financial inclusion . This favourable environment is fuelling the market for crypto wallets , making it a promising landscape for both users and companies .

Martin Masser : Both India and China have large populations with a growing interest in cryptocurrencies and their wide range of use cases . We have seen a huge surge in crypto gaming as one example from countries including the Philippines . Moreover , increasing internet penetration and smartphone usage in these regions provide an ideal environment for the adoption of crypto wallets . This , coupled with a rising young , tech-savvy demographic that is more inclined towards exploring innovative technologies such as cryptocurrencies , is driving demand for crypto wallets .

Additionally , Asian markets have many untapped resources , such as India ’ s renowned developer community . More and more crypto companies are looking to these countries to help scale up and drive substantial growth in their crypto wallet services .

Alongside this , governments are becoming more open to crypto activities as they realise the potential economic gains from welcoming the industry . For example , the Hong Kong government has made its desire to turn the country into a crypto hub well-known .

Daniel Fogg : Crypto assets in China and India have been heavily regulated , and the market in China has been suppressed for some time . That said , the demand for crypto assets and decentralised finance solutions , such as accessing the US dollar , equitable lending and borrowing , borderless payments , and remittances , is definitely increasing across Asia .

The use cases for these DeFi solutions are more common in Asia , as access to a broad range of financial services often isn ’ t available within these emerging markets . Obviously , as crypto wallet technology continues to grow , so too will the demand in these nations .

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