Last week, we shared our thoughts on the most recent important happenings in China. This past weekend, we highlighted the most important developments in the rest of the Asian countries, specifically, Japan, Korea and Thailand.
The Quick Take
Since December, general Crypto market slowdown has affected the primary businesses making up the Korea and Japan crypto ecosystems- the exchanges. Korea seems to have been hit the most, while Japan’s cautious stance towards exchanges in the last year has helped with damage control. Mining businesses have been hit across the board in Asia, and we are seeing a consolidation in the Japanese mining business as they move their operations to China in an attempt to stay afloat.
Separately, in Southeast Asia, we see Thailand regulators continuing to be aggressive about building a crypto-trading infrastructure, and we are potentially going to see the first kind of stock exchange/crypto exchange hybrid there. Thailand will be a...
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