Institutions across Asia are increasing their adoption of crypto even as governments lift bans
For the longest time, traditional finance (often referred to as TradeFi) has been named as the backbone of the global economy. This system is built on central banks, financial institutions, intermediaries and regulations. In short, this is the system by which money moves, grows and is stored. However, in the last few years, a new contender has gotten into the market: cryptocurrencies and the entire decentralised finance (DeFi).
The biggest issue that cryptocurrency faces is that governments have been setting up bans, and since DeFi and crypto are yet to be regulatable. For instance, crypto trading and mining have been banned in China since 2021.
You see, when mining was banned in the country, the price of Bitcoin…
