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Asia Crypto News: Nearly 25% of Adults With Internet Access in Asia Might Own Crypto, Report Says

CoinDesk
A report suggests nearly 25% of APAC adults with internet access might own cryptocurrency, driven by a lack of traditional financial access.

Summary

A joint report by Protocol Theory and CoinDesk, based on a survey of 4,020 people across 10 APAC countries, indicates that nearly one-quarter of adults with internet access in the region might own cryptocurrency. The study suggests that adoption is often spurred by limited access to traditional financial services. Furthermore, stablecoin adoption is significant, reaching nearly 18% among adults with internet access in the region's emerging markets. The report, published ahead of CoinDesk's Consensus: Hong Kong conference, emphasizes that future growth hinges on usability and integration into daily life, with stablecoins and tokenized assets forming the practical basis of a digital economy. While half of those aware of crypto intend to use it soon, adoption is currently hindered by the complexity of crypto wallets and transfers compared to easier regional digital banking services. Regulatory environments are playing a crucial role; in emerging economies, regulation builds trust and legitimacy, whereas in mature markets, it focuses more on risk management.

(Source:CoinDesk)