Leaderboard 728×90
Leaderboard 728×90

Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report

A report from Big Four accountant KPMG and international banking company HSBC based on a survey of 6,472 Asian Pacific startups found that over a quarter of them are blockchain related.
Nonfungible tokens, or NFTs, led the way among sectors where Asian Pacific “emerging giants” were active, followed directly by decentralized finance, also known as DeFi.
Related: Philippines’ digital transformation could make it a new crypto hubThe report looked at 12 Asian Pacific countries, which accounted for 94.8% of all companies surveyed.
The majority of new technology companies were located in Mainland China (32.8%) and India (30.1%).
India allows crypto trading but has complicated traders’ lives with a punishing tax regime.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.


Read More

About The Author

Related posts