• Asian lawmakers embrace crypto, influenced by Donald Trump’s pro-crypto stance, creating ripple effects across the region.
  • Pro-crypto policies spark significant shifts in Malaysia, Thailand, and Hong Kong, boosting digital asset adoption and innovation.

While the market’s attention is focused on the United States following Donald Trump’s inauguration as president, Asia is gradually but steadily sending good signals to the cryptocurrency industry.

The pro-crypto policy implemented by the Trump administration in the United States seems to be influencing this action.

In the Asian region, which is now progressively embracing blockchain technology and digital assets, this strategy has brought about notable transformations. Along with affecting the local market, this effect has spurred some fresh crypto industry advancements in the area.

Lawmakers in some of Asia’s digital-assets markets are warming to the industry as Donald Trump’s pro-crypto agenda in the US ripples through the region https://t.co/IXUwFjArs5

— Bloomberg Crypto (@crypto) January 22, 2025

Malaysia, Thailand, and Singapore: Pioneering Crypto Policies in Asia 

According to Bloomberg , Malaysia and Thailand are displaying significant shifts in their stance toward the crypto space. For instance, Malaysia has sent a signal through friendlier policies to boost support of digital assets.

Particularly in the fast-expanding blockchain technology industry, this support is likely to provide the path for investment and creativity.

Conversely, Thailand is considering listing a crypto exchange-traded fund (ETF), therefore making a significant step. This is an attempt to meet the needs of national investors increasingly engaged in the crypto space.

This action will not only draw institutional investors but also, in view of the globe, enhance Thailand’s crypto ecosystem. Nonetheless, both nations continue to exercise caution in their adoption process, considering the possible risks influencing economic stability.

Singapore has meanwhile established its leadership as the top crypto asset center in Asia by 2024, surpassing Hong Kong’s hegemony. The nation has acted specifically by granting 13 crypto asset licenses to top operators, including exchanges like OKEx and Upbit, as well as international businesses such as Anchorage, BitGo, and GSR.

This figure indicates fast and significant national development since it exceeds the permits issued in the year before.

Hong Kong and India: Balancing Challenges and Leadership in Crypto Adoption 

One of the top financial hubs, Hong Kong has also shown its seriousness in raising competitiveness in the crypto market. Tax incentives for hedge funds and affluent families investing in digital assets are scheduled by the local government.

With this strategy, Hong Kong intends to keep its top ranking as a financial center—especially in view of growing rivalry from surrounding nations.

India continues to be a worldwide leader in crypto adoption despite challenges, including tight laws and high trade taxes.

The nation of Bollywood has shown considerable interest in digital assets—both personally and commercially—for the second year in succession. This shows that, even under a rigorous legal environment, innovation in the crypto space still has great promise.

Asian Nations: Balancing Caution and Innovation in Crypto Development 

Although American pro-crypto rules have been favorable, implementation of them is slow in Asia. Some nations are currently exercising cautious measures, weighing how the new rules would impact their national financial stability and economy.

These obstacles have not, however, diminished the excitement of nations in the region to keep developing the blockchain and crypto ecosystem.

For instance, fresh projects keeping appearing to improve the crypto infrastructure in Asia abound. CNF previously noted that BounceBit has teamed up with Google Cloud to bring real-world assets (RWAs) from Southeast Asia into the CeDeFi network.

The cooperation seeks to increase support for institutional-grade infrastructure allowing the blockchain technology to integrate actual assets.