Saudi Arabia · South Korea · Hong Kong · Circle · China · Cointelegraph
Asia dominates Crypto Adoption Index, Bitget’s $352 million hack: Asia Express
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The APAC region accounts for half of the Global Crypto Adoption Index.
Key facts
- SAMA, Saudi Arabia’s central bank, joined mBridge as a full participant in June 2024 and ended its participation after completing a proof of concept on May 13, 2025, FT reported, citing a statement
- A former bank official in Hong Kong who falsely authenticated letters of credit for more than $1.6 billion was sentenced to four years in prison and ordered to make restitution of more than $470,000
- The Hong Kong Monetary Authority (HKMA) is upgrading its main debt securities settlement system, the Central Moneymarkets Unit, to run on blockchain 24/7
- Hong Kong-listed online gaming company Boyaa Interactive has bought another 152 Bitcoin to bring its total holdings to 4,468 BTC
Summary
Almost half of the top 20 nations in terms of grassroots crypto adoption are in the Asia Pacific region. A big growth area in the APAC region is cross border stablecoin transfers. Tianwei Liu, co-founder and CEO of StraitsX, told Cointelegraph that in Asia, fragmented currencies and payment systems have created demand for stablecoin settlement. “That demand is also extending into everyday spending, with stablecoins sitting behind payment methods people already use,” Liu said.