Pundi X CEO Zac Cheah on the Southeast Asia Cryptocurrency Competition, Each Country’s Favorite Coin, and Thailand Singapore Developments
Quote of the week
“But it’s true that each jurisdiction has their favorite token. so it’s out my perception that if you know, if you have a lot of love you also have a lot of hate. but I believe there are coins that are being loved more in certain countries than other coins, they also get a lot of hate. they have a lot of visibility, I think that’s the word, visibility. so Omisego has a lot of visibility in Thailand. Kyber and DigiX has a lot of visibility in Singapore, it’s home grown or semi-home grown blockchain company. i think we have quite a bit of love from Korea, Japan, Australia and also Indonesia. Australia also has a lot of interest in our token. NEM is huge in Japan. Qtum is huge in Korea and I’ve heard Dash is huge in Latin America. So I think different areas have different coin.”
– one of the many interesting observations from Zac Cheah, CEO of Pundi X. Check out the rest of the podcast here
In this episode, Joyce Yang from Global Coin Research is joined by Zac Cheah, CEO of Pundi X. Zac is originally from Malaysia and operates Pundi X out of Singapore. He has seen the evolution of cryptocurrency adoption in Singapore and Southeast Asia first hand. In the podcast, Zac provides useful insights on working across different jurisdictional and regulatory boundaries. He discusses in depth on operating in Japan, China, Singapore and Indonesia, as well as the importance of working with local complementary tokens.
Topics discussed in the podcast
- 0:11 – Today’s Guest: Zac Cheah of Pundi X.
- 4:15 – Starting in Southeast Asia – general market trend and opportunities
- 5:25 – Indonesia, Malaysia, and Thailand government on what they are doing with cryptocurrencies
- 8:10 – How to communicate and engage with those regulators?
- 11:20 – Pundi X’s market expansion strategy
- 15:00 – Advice for North America companies to thrive in Southeast Asia
- 20:30 – How Pundi X go to market in China/Korea/Japan given those large market opportunities
- 25:50 – How understanding the popular coins will help your community building strategy locally
- 28:50 – Discrepancies in the perceptions of certain tokens between the West and East.
- 33:52 – Approach to hiring and growth in new regions. I discover what complementary currency is
- 40:17 – Who will win? China or Southeast Asia?