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East Asia slips to fourth place in global crypto transaction volume amid China crackdown

October 17, 2021
Source: indianlekhak.com indianlekhak.com
News Snapshot:
China’s continued crackdown on cryptocurrency trading over the past several months saw East Asia as a region that jumped from first place to fourth in terms of global cryptocurrency trading volume as of June 2021. In terms of trade volume, a total of $590.9 billion (approximately Rs 44,89,370 crore) was transacted in the sector between July 2020 and June 2021, which is 14 percent of global crypto activity during that time frame. represents. While this is still an increase of 452 percent year-on-year, it is said to be one of the slowest growing regions. According to the 2021 East Asia...
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Tags: ASIA | bitcoin | blockchain | China | crackdown | crypto | cryptocurrency | currency | data | digital | Economy | finance | financial | fintech | Hong Kong | investment | IT | Japan | KONG | Korea | legal | loss | report | share | South Korea

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