Cryptocurrencies in Asia

The growing ubiquity of blockchain technology in the region raises several questions regarding the creation of a safe environment for regional fintech innovation.

Many states in Asia are falling behind in regulating crypto, making it an attractive tool for local terrorist groups.

Data centers caused a spike in electricity demand, while the country is still dependent on coal.

But little good will come from authorizing the mining and trading of the volatile digital currencies.

The increased energy demand could be met by a long-awaited nuclear power plant. 

The first transactions involving cryptocurrencies have been made recently by Islamic State-linked terrorist networks in the Philippines.

After an early wave of public enthusiasm, South Korea's government is taking steps to regulate crypto assets.

North Korea is signalling increased interest in digital currencies, possibly as a way to help avoid sanctions.

South Korean businesses are moving into the cryptocurrency and blockchain fields.

The idea seems far-fetched, but Pyongyang is actively trying to advance the necessary technology.

India, like many other Asian states, is struggling to manage cryptocurrencies.