News Snapshot:
China has banned cryptocurrency activities in the country, but the negative outlook from Central Asia has slowed the rate of cryptocurrency adoption on the continent. A new report from blockchain analytics company Chainalysis has revealed that cryptocurrency transactions in Asia have increased by as much as 706% over the following year. The report highlights the growing demand for cryptocurrencies in Asia despite China’s most recent ban on cryptocurrencies. According to the report, Central and South Asia and Oceania (SWAC) are lately the fourth largest cryptocurrency market, Chainalysis said that the cryptocurrency market in the region is now over $572 billion....
