Until recently, there was a noticeable lack of interest in bitcoin and the blockchain among the financial institutions of Asia. In fact, banks there were more likely to be issuing warnings about digital currencies than getting involved in any related activity.
It was the fall of Mt Gox in Japan and the Chinese central bank's crackdown on bitcoin exchanges, events that both took place in 2014, that resulted in early barriers among financial institutions in those nations.
However, the recent upsurge in the popularity of blockchain technology in the global finance sector seems to have at least somewhat laid those concerns to rest. Now, the region's banking sector is showing the same growing enthusiasm for the tech's disruptive potential in banking that can be seen in Europe and North America.
Evidence of this sea change can be seen in the number of large financial institutions in China, Japan and Korea that have recently moved to launch or support initiatives involving blockchain and digital currency, and develop proofs of concept around forward-looking applications of the technology.
Read more @ http://www.coindesk.com/7-asian-banks-investigating-bitcoin-and-blockchain-tech/
.png)
No comments:
Post a Comment