Cryptocurrency fears are easing in Southeast Asia as governments signal a shift towards adopting more pro-crypto policies, following the lead of the US under President Donald Trump’s administration. Recently, lawmakers in Thailand and Malaysia have signaled changes to their approach, indicating an incremental progress compared to the US.
The moves come as the region continues to watch the impact of the US on its crypto landscape. The Asia-Pacific market already boasts promising crypto hubs in Singapore and Hong Kong, with a growing player in China, where regulations have been stricter since 2021. As officials begin to adapt their policies, it is likely that more countries will follow suit, paving the way for increased adoption and growth in the region’s cryptocurrency sector.
Source: https://www.bloomberg.com/news/articles/2025-01-22/crypto-fears-ease-in-asia-as-officials-aim-to-keep-up-with-trump