Two-speed acceleration – cryptocurrencies and regulation in Asia

Cryptocurrencies have made a big splashacross Asia, writes Jens Kastner, with governments taking very different regulatory approaches to curb the financial scams and money laundering following in their wake. While one group of countries has banned operation and use of cryptocurrencies entirely – it includes China, India and Vietnam – a second sees cryptocurrencies as potentially boosting their financial sectors; this latter group – taking in Japan, South Korea, Singapore and Thailand – is evolving regulation to control crypto-currency risk.