Indonesia is a country of 17,508 islands and 260 million people, including 171 million internet users. It’s a huge market, dominated by the digital economy that's ripe for blockchain disruption.
Although Switzerland's Crypto Valley may seek to become a global blockchain hub, its government is too slow to adopt the technology even as Facebook's Libra incorporates in the country, according to Trust Square cofounder Daniel Gasteiger.
Identification on a protocol level could help blockchain become mainstream for blue-chip companies like MasterCard, Volvo and Geely if international regulations are met. Anonymity is "exactly what is hindering wider use of blockchain," said Concordium CEO Lone Fonss Schroder.
And that’s a good thing for legitimizing blockchain and paving the way to tokenize real assets across industries, the enterprise blockchain creator said at Hong Kong FinTech Week 2019.
Public support in India is strong for cryptocurrency ownership. But regulators' blanket ban may lead to a gray market, increasing the chances of fraud.
Traders use commodity trading adviser funds to reduce risk of custody or money laundering, says Jan Brzezek, founder of Crypto Finance AG.