Cryptocurrency traders are moving to Japan and Korea
Do you agree with the opinion of Gleb Markov (one of the founders of Crypterium, the first cryptobank)?🤔👇
As the saying runs, if there is a gap, something will fill it.
Cryptocurrency is the property of citizens, and they are not ready to give up on it.
When the state bans drugs, weapons and other dangerous assets, the people understand it.
In the case of cryptocurrency, however, there are no explanations. Cryptocurrency is very expensive and always will be on the same level. Perhaps someone has sold their flat or car to buy altcoins, and now the Chinese government bans cryptocurrency without explaining how to encash it, simply telling people to “forget about it"; that's no good. If the government expresses readiness to buy it out, it will be a whole different story.
Therefore, people are moving away, and of course the Chinese are closer to Asian markets.
The current growth of the Japanese market is very much due to the influx of traders from China.
The use of cryptocurrency is anonymous, so there is no fear of legal action taken against citizens.
There've been no cases when an individual would expect judgment for the use of cryptocurrency, which is allowed worldwide (except for China now). As before, we hope that any restrictions in China will be abolished and China will once again work its way up to the leading position. Cryptocurrencies will continue their explosive growth because they are awesome digital assets with high liquidity.
