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You Won’t Believe the Horrific Truth About How Cryptocurrency Is Ruining Everything for Regular Money in Far East… But Don’t Worry, Regulators Are on It!

A stylized illustration of an Eastern Asian cityscape with traditional buildings and modern skyscrapers in the background. A large cryptocurrency symbol (e.g., Bitcoin) is prominently displayed, surrounded by smaller symbols representing various currencies from around the world. In the foreground, a person holds a tablet displaying a graph showing the growth of digital asset activity in the region. The atmosphere is dynamic, with swirling lines and shapes suggesting movement and energy.

The Crypto Tsunami Hits Eastern Asia (or Does It?) – A Descent into Madness and Regulation.

Source: cointelegraph

Stablecoins and cryptocurrencies are starting to replace fiat currencies in some Eastern Asian countries, highlighting their significance in emerging economies. Eastern Asia emerged as the sixth-largest crypto economy in 2024, accounting for over 8.9% of global cryptocurrency value received between June 2024 and July 2023, according to a Sept. 17 report by Chainalysis. The growing adoption of crypto and stablecoins is partly driven by countries with constant fiat currency devaluation […]

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