Insights

State of Japan and Korea – February Edition

Last week, we shared our thoughts on the most recent important happenings in China. This past weekend, we highlighted the most important developments in Japan and Korea.

The Quick Take

Under increasing regulatory scrutiny, Japanese exchanges try to grow up as they get rolled up by financial and internet service companies. One of the most popular coins in Japan, NEM, plans to lay off 150 people after realizing the foundationt only has 1month of operating runway, and its predicament and poor cash management (see details below) foreshadow what we may see from other projects in the next few quarters. Despite drawbacks, large corporates and conglomerates in Japan still look to establish more solid blockchain technology through their foreign partnerships.

For Korea, I share what I talked to Laura Shin about when I was a guest on her podcast Unconfirmed. The educated and financially frustrated young generation in Korea, excited by a glimpse of hope delivered by Ethereum and Rip...

 


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