By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CoinworldstoryCoinworldstoryCoinworldstory
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
      • Featured Airdrops
    • Price Prediction
    • EXCHANGE
      • Best Centralized Exchange List 2025
      • Best Decentralized Exchange List 2025
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
    PR
    If You Looking For Submit Cryptocurrency Press Releases Than Coinworldstory Is Best Choice For Crypto Press Release Submission
    Show More
    Top News
    BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024
    BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024
    2 months ago
    BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution
    BEVM Unveils Groundbreaking Taproot Consensus for Decentralized Bitcoin Layer 2 Solution
    2 weeks ago
    Kadena Announces Partnership with Lurk Lab to Build ZK Bridge
    Kadena Announces Partnership with Lurk Lab to Build ZK Bridge
    2 months ago
    Latest News
    Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
    5 minutes ago
    MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI — THE WORLD’S LARGEST LECTURE EVENT
    2 hours ago
    Aster Unveils Rocket Launch: A Gateway to Early-Stage Crypto Projects and Trading Rewards
    3 hours ago
    Phemex Upgrades Rewards Hub with $15,000 Package And Mystery Box System
    24 hours ago
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
    NEWSShow More
    10 Best Crypto Volume Trackers for Accurate Market Insights
    10 Best Crypto Volume Trackers for Accurate Market Insights
    21 hours ago
    10 Best Crypto Trading Courses on YouTube
    10 Best Crypto Trading Courses on YouTube
    1 day ago
    10 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    9 Best Dog Meme Coins To Buy In 2025 For Crypto Fans
    2 days ago
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    10 Best Snake Tokens 2025: Top Meme & Crypto Snake Coins
    5 days ago
    10 Crypto APIs for Developers In 2025
    10 Crypto APIs for Developers In 2025
    2 weeks ago
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Reading: Has the East Embraced Crypto the Same Way the West Has?
Share
Notification Show More
Font ResizerAa
CoinworldstoryCoinworldstory
Font ResizerAa
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
Search
  • HOME
  • CRYPTO
    • AI
    • BOTS
    • ICO
    • AIRDROP
    • Price Prediction
    • EXCHANGE
    • ALTCOIN
    • Alt Coin Signal
    • Crypto Analysis
    • Bitcoin Loan
    • Bitcoin Mining
    • WALLETPRO
  • PR
  • NEWS
    • Mining
    • Altcoins
    • Ban
    • BANKING/FINANCE NEWS
    • Bitcoin
    • Blockchain
    • CRYPTO CRIME
    • Ethereum
    • Exchange News
    • Government News
  • MORE
    • Guide
    • Only Best
    • Off Topic
    • Best Affiliate Marketing
    • Best Affiliate Programs
    • BOTS
    • Trusted Currency Exchanger Platform
    • Blockchain Games
    • Metaverse Review : Best Metaverse Program Review
    • Online Survey
    • Payment Platform
  • VPN
  • Contact Us
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Has the East Embraced Crypto the Same Way the West Has?
Guide & Crypto Education

Has the East Embraced Crypto the Same Way the West Has?

How To Find Local Experiences – Travel Like a Local Anywhere
Last updated: 22/08/2023 12:33 PM
Coinworldstory
2 years ago
Share
Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Embraced Crypto
SHARE

Embraced Crypto: In this article, we cover a detailed review of Embraced Crypto. How does Embraced Crypto work & Are important features?

Contents
  • Crypto in the West
  • Crypto in China
  • Crypto in the East

The idea of cryptocurrency was in the mind of American cryptographer David Chaum back in 1983 but it was not until the emergence of Bitcoin in 2009 that appeared in mainstream society. The first block of the Bitcoin network was mined by Satoshi Nakamoto in January 2009 and resulted in 50 Bitcoins. The digital currency had little value when first mined but at the time of writing, a single Bitcoin is valued at over $28,000. There is no doubt the West has embraced cryptocurrency but can the same be said for the East?

Crypto in the West

If we look back at the statistics of 2021, it is clear Europe has emerged as the leading continent in terms of the cryptocurrency economy. The European continent traded over $900 billion in crypto throughout 2021. The Central, Northern, and Western Europe region is the world’s largest crypto market, receiving over $1 trillion in digital assets throughout 2021 and building on that figure in 2022. In fact, more than 25% of the world’s total crypto trading activity took place in the CNWE zone. Interestingly, the United Kingdom has been at the forefront of cryptocurrency activity in terms of the amount received, valued at more than $170 billion. Looking more closely at the United States and over 12% of the population owned crypto in the country come the end of 2022, with over 33 million people getting involved. The numbers are expected to increase further come the end of 2023.

Crypto in China

The crypto market has been moving in the right direction in the West and the same can be said for the major countries in the East, other than China. If we look back at 2021, China moved to restrict the trade of crypto by clamping down on the mining of cryptocurrency in the country and warning people not to invest in the digital market. There have been rumours that China is going to launch its own digital coin in the future and as of 2021, The People’s Bank of China has placed a ban on cryptocurrencies.

- Advertisement -

Crypto in the East

Despite the fact China has cracked down on cryptocurrencies, several other nations in the East are relaxing their regulations around crypto. For example, Dubai is aiming to become a global crypto hub, Japan had relaxed token listing requirements, Thailand is removing taxes for initial coin offerings, and Hong Kong has announced it is ready to welcome crypto companies. A greater share of people in Vietnam and the Philippines use or own cryptocurrency than any other Western or Eastern country. One of the ways crypto is being used in the East is for online gambling. Sites like Dafabet offer several crypto payment methods, including Bitcoin, Tron, and Tether. Some online retailers accept crypto payments and crypto-based gaming is increasing in popularity.

For the time being, many of the most innovative companies in the crypto world have emerged in the West. However, the East is now enjoying higher crypto adoption rates and we could soon see a partnership between the East and West for the overall benefit of the crypto space.

How To Swap SOL To ASTER Easily & Safely
Why Is My Swap Failing? Common Fixes For New Users
How to Add Custom BNB Chain Tokens To Trust Wallet
10 Common Mistakes New Crypto Perps Traders Make
Next Crypto Crash: 10 Major Risks To Watch In 2025
Share This Article
Facebook Email Print
How To Find Local Experiences – Travel Like a Local Anywhere
ByCoinworldstory
Coinworldstory.com Provide Latest Review From, ICO,, Bitcoin, Paid To Click, Blockchain Technology, Affiliate Marketing, Mlm, Etc.Our Team Expert In This Field And Provide Latest Information To Our Users. Thanks For Visiting Coinworldstory.com
Previous Article Best Crypto Exchange In Greece 2023 Best Crypto Exchange In Greece 2025
Next Article low angle photography of lighted m road sign during nighttime Stake Makes US Debut with Crypto Gambling Site Stake.us
Roba Shatters Closed Systems: The People’s Robotics Platform Launches To Dominate $218b Industry
Press Releases
10 Best Crypto King: Top Influential Leaders in Cryptocurrency
10 Best Crypto King: Top Influential Leaders in Cryptocurrency
CRYPTO
MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI
MEGACAMPUS SUMMIT 2026 TO BE HELD IN DUBAI — THE WORLD’S LARGEST LECTURE EVENT
Press Releases
Aster Unveils Rocket Launch: A Gateway to Early-Stage Crypto Projects and Trading Rewards
Press Releases

Latest Published

How to Buy Crypto with Alipay: Easy Step-by-Step Guide

How to Buy Crypto with Alipay: Easy Step-by-Step Guide

6 days ago
Why You Should Avoid Binance After $19B Liquidation

Why You Should Avoid Binance After $19B Liquidation

6 days ago
How To Fund Trust Wallet: Step-by-Step Complete Guide

How To Fund Trust Wallet: Step-by-Step Complete Guide

2 weeks ago
10 Best Crypto Marketing Agencies In Kenya For 2025

10 Best Crypto Marketing Agencies In Kenya For 2025

2 weeks ago
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
What Is Solana? A Complete Guide to the Fast and Scalable Blockchain
Trending
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
10 Best Shoes For Bunions – Comfort, Support & Pain Relief
Trending
10 Best Macroeconomics Books-for Students and Professionals
10 Best Macroeconomics Books-for Students and Professionals
Trending
CoinworldstoryCoinworldstory
Follow US
© Coinworldstory News Network. Cws Design Company. All Rights Reserved.
  • ADVERTISEMENT
  • SUBMIT PR
  • CONTACT
  • GUEST POST
  • ABOUT US
  • DMCA
  • SITEMAP
  • DISCLAIMER
  • PRIVACY POLICY
coinworldstory logo coinworldstory logo
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?