Latest Update on Cryptocurrency Regulation in Southeast Asia (SEA)
SEA’s economy is among the fastest growing in the world and is projected to be the fourth-largest regional economy by 2030. Since the invent of cryptocurrency and its popularity taking off, SEA has become an active hub for crypto users. Vietnam took the number one spot in the latest study by 2021 Chainalysis Inc. Global Crypto Adoption Index, while Thailand and Philippines were also ranked among the top 20 countries in terms of crypto adoption.
As the popularity of cryptocurrencies continues to grow and mature in SEA, the regulatory approach by each country needs to keep pace. However, each country reacts differently to cryptocurrency and its technology, and the regulation of each, is often vague and definitely not uniform, with different and conflicting provisions.
Our latest long-form article by Ian Fong, will reveal the various legislative positions towards cryptocurrencies in SEA. Find out how different countries approach cryptocurrency regulation and check out if there has been any recent changes in their stance on the adoption of cryptocurrencies.