Nearly 25% of Adults With Internet Access in Asia Might Own Crypto

A new report published by CoinDesk and Protocol Theory reveals that nearly 25% of adults with internet access in the Asia-Pacific region may own cryptocurrency. The survey, encompassing about 4,020 individuals from ten countries, indicates that crypto adoption is influenced by limited access to traditional financial services. Many adults, around 50%, who are aware of cryptocurrency intend to use it in the coming year, despite a modest adoption rate over the past year. Stablecoins have reached an 18% adoption rate within emerging markets in the region. The report notes that the complexity of using digital wallets and exchanges could hinder broader adoption, even as regulatory frameworks are improving and fostering market confidence. Furthermore, over 70% of adults in emerging economies consider regulations critical, contrasted with lower figures in more developed markets like Japan, highlighting varying trust levels in regulatory environments. Ultimately, the ease of integrating crypto for everyday use is crucial for driving further adoption.

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