ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Asian countries vie to set up region's 'crypto valleys'

Philippines, South Korea and Thailand ease regulations to lure fintech investment

MANILA -- The race to establish cryptocurrency hubs in Asia is gathering pace, with several countries easing regulations and unveiling projects to lure financial technology companies. Japan is ahead of the game for now, but opportunities to catch up are also growing fast.

The Cagayan Special Economic Zone and Freeport in the northern Philippines is building the "Crypto Valley of Asia," a $100 million blockchain hub that aims to mimic Zug in Switzerland, the birthplace of Ethereum and now home to almost 200 blockchain companies.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more