Value

<h4><b>These firms started looking for safer places to operate. </b></h4>
<p>Asia then became a welcoming and money-making environment for the Web3 industry.</p>
<h5><b>Rising Acceptance in Asia</b></h5>
<p><a href="https://x.com/lennixokx?s=21" target="_blank" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Lennix Lai</span></a><span style="font-weight: 400;">, Chief Commercial Officer of OKX, shared his thoughts in Coinfest Asia 2023. ‘He said that Asia has seen a surge in crypto-centric developments. While discussions on crypto assets in the United States have decreased, discussions in Asia are coming up. </span></p>
<p><span style="font-weight: 400;">Asia owns a big chunk of the world’s crypto market, and its users make it an excellent spot for crypto to thrive. This is why <a href="https://coinfest.asia/" target="_blank" rel="noopener noreferrer nofollow">Asia Coinfest</a> is launching a new version in 2024:</span></p>
<p><img fetchpriority="high" decoding="async" class="wp-image-146704 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxvbnbvnvghn-295x300.jpg" alt="Asia's Growing Impact: The New Hub of Crypto" width="485" height="493" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxvbnbvnvghn-295x300.jpg 295w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxvbnbvnvghn.jpg 389w" sizes="(max-width: 485px) 100vw, 485px"></p>
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/CoinfestAsia/status/1790944847924473866" target="_blank" rel="noopener noreferrer nofollow">X</a></strong></h6>
<h5><b>Why Asia Should Be the New Crypto Hub</b></h5>
<p><span style="font-weight: 400;">Asia has a few key perks that make it perfect for becoming the world’s new center for crypto and Web3 industries. Web3 Economic Value Growth Potential Emergen Research believes the Web3 market will hit $81.5 billion by 2030, growing 43.7% yearly. </span></p>
<p><span style="font-weight: 400;">The Asia-Pacific region is set to increase the most. There is high demand from the banking, e-commerce, healthcare, and insurance sectors. From the research report, we expect Southeast Asia to have a Web3 market worth $6.4 billion by 2030, expanding at 50.2%.</span></p>
<p>So, to keep up with how Asia’s growth, the <a href="https://coinfest.asia/" target="_blank" rel="noopener noreferrer nofollow">Coinfest Asia 2024</a> is letting entrepreneurs pitch their projects about different sectors:</p>
<p><img decoding="async" class="wp-image-146705 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vfghhgfghhgj-150x300.jpg" alt="" width="481" height="962"></p>
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/CoinfestAsia/status/1815314115050831976" target="_blank" rel="noopener noreferrer nofollow">X</a></strong></h6>
<h5><b>Clear Crypto Rules</b></h5>
<p><span style="font-weight: 400;">Dubai, Singapore, and Hong Kong lead as cities with open and transparent <a href="https://www.altcoinbuzz.io/?s=regulations" target="_blank" rel="noopener noreferrer nofollow">regulations</a> for crypto activities. Dubai hosts 772 crypto-based companies, offering vast career opportunities. Singapore thrives with over 247 fintech companies, and Hong Kong’s Cyberport supports around 150 Web3 companies. </span></p>
<p><span style="font-weight: 400;">Indonesia is also promising, with 1,629 blockchain startups registered in the government’s OSS system. Crypto events often occur in Dubai, Singapore, South Korea, Japan, and Indonesia.</span></p>
<h5><b>Many people use Cryptocurrencies in Asia</b></h5>
<p><span style="font-weight: 400;">Some countries where people use cryptocurrencies most are India, Vietnam, the Philippines, and Indonesia. Big companies in Asia have integrated cryptocurrencies into their operations. Now, 68.8% of Asian operations have a $1 million or more value. People use cryptocurrencies because they are fast and inexpensive.</span></p>
<p>Here are some side events you can enjoy in Coinfest Asia 2024:</p>
<p><img decoding="async" class="wp-image-146707 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxffgbgf-167x300.jpg" alt="" width="471" height="846" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxffgbgf-167x300.jpg 167w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxffgbgf-234x420.jpg 234w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cvxffgbgf.jpg 305w" sizes="(max-width: 471px) 100vw, 471px"></p>
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/CoinfestAsia/status/1811372072414892379" target="_blank" rel="noopener noreferrer nofollow">X</a></strong></h6>
<h5><b>Conclusion</b></h5>
<p><span style="font-weight: 400;">Asia is attracting the Web3 and cryptocurrency industries. More Web3 companies host their tech events in Asian countries. This is because of Asia’s friendly crypto rules, ongoing new ideas, and adoption. Asia continues to take the front line in the digital arena, presenting viable opportunities for investment and growth.</span></p>
<p><span style="font-weight: 400;">In particular, </span><a href="https://coinfest.asia/" target="_blank" rel="noopener noreferrer nofollow"><span style="font-weight: 400;">Coinfest Asia</span></a><span style="font-weight: 400;"> demonstrates Asia’s efforts to promote mass adoption and innovation in Web3. Attend the event and contribute to the success of the growing Web3 market in Asia.</span></p>
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/asias-growing-impact-the-new-hub-of-crypto/" rel="noopener noreferrer nofollow">Asia’s Growing Impact: The New Hub of Crypto</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Asia’s Growing Impact: The New Hub of Crypto

Altcoin Buzz

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