China, South Korea, and Japan are often seen as drivers of the cryptocurrency market. When Beijing threatens to close cryptocurrency exchanges and ban Bitcoin purchases, prices tank. For Bitcoin folklore, where a person (or persons) pseudonymously named Satoshi Nakamoto, a Japanese name, the gambling cultures of China, coupled with the Asian economic powers, suggests these three countries house some of the best crypto investors around.
China’s taking its currency digital, ahead of the U.S.
South Korea is now in the process of approving a state sanctioned crypto currency fund, Joseph Young of the Forbes Alpha Alarm newsletter said this past week.
Hanwha Asset Management is potentially forming