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A record 17,000 people and 300 speakers attended Korea Blockchain Week last week .
Mainstream adoption appears to have stalled, and with the U.S. elections coming up, there is a big question mark over what regulation will look like going forward.
But despite that, usage isn’t necessarily picking up, in part because we remain in a kind of application vacuum.
In 2023 , lower- and middle-income countries were driving cryptocurrency adoption; this year , adoption is spread more evenly between richer and poorer countries.
In Singapore , we’re seeing a rise in the use of crypto merchant services, while in Indonesia , crypto is being used as a trading instrument.
As more people adopt it, there will likely be more crime — including fraud and narcotics.
Japan was the first mover in this space, and Singapore started early with a light-touch regime focused on anti-money laundering.
Hong Kong and India followed suit with their own regulatory framework.
The U.S. election in November could be a moment when some of this finally comes to a head.
VR Score
80
Informative language
77
Neutral language
57
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English
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53
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22
Source diversity
19
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