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The Small Handbook to Asia Cryptocurrency with Joyce Yang

Oct 13, 2019

Joyce Yang, founder of Global Coin Research, joined us in a conversation about the Asian cryptocurrency market in Asia with our new host, Carol Yin. Joyce and Carol discussed the recent publication by Global Coin Research (GCR) "The Small Handbook to Asia Cryptocurrency: On local ecosystems, trends & regulations" and identified the key important trends and currents in the Asian market, specifically China, Hong Kong, Japan, Korea, Indonesia and Singapore. 

Here are the interesting show notes and links to the discussion (with time-stamps included):

  • Joyce Yang (@JoyceInNYC , LinkedIn), Founder of Global Coin Research [0:40]
    • Since our last conversation, what have you been up to? [1:03]
  • The Small Handbook to Asia Cryptocurrency: On local ecosystems, trends & regulations published by Global Coin Research (GCR) [4:56]
    • Joyce discuss the GCR's new advisory & venture fund. 
    • How did you and your team in GCR put the handbook together? [5:08]
    • Who are the intended audience? [8:14]
    • What are the main themes of the handbook? [10:26]
    • Are there any common threads on cryptocurrency within Asia? For example, it seems that a lot of Asian countries have banned ICOs. Prolonged bear market, IEO. [11:22]
  • China [13:25]
    • China is probably the most important market for cryptocurrency whether it’s bitcoin and blockchain and have banned ICOs since 2017 and at the same time, reducing bitcoin mining towards zero, what are the key trends in 2019 which you believe that are most important? [13:46]
    • One interesting part on China is that you have broken down the major financial institutions in the Chinese government that everyone dabbling in bitcoin and blockchain must know, which are they and why they are important to the whole ecosystem? [16:01]
    • Are there any major differences between Hong Kong and China when it comes to cryptocurrency? [17:41]
    • Is Hong Kong following China with respect to regulation in blockchain and bitcoin given that it has also banned ICOs now? [19:41]
  •  Japan and Korea [20:34]
    • How has the Japanese cryptocurrency market changed after the major theft of bitcoins from Mount Gox in 2014? [20:49]
    • Can you briefly talk about the Japanese blockchain startup ecosystem and also the Japanese enterprises in blockchain? [22:55]
    • Who are the key players from the startup spaces and major enterprises involved in cryptocurrency within Korea? [24:44]
    • Korea is known for the kimchi premium: can you explain what that means in the context of cryptocurrency? [26:32]
  • Singapore and Indonesia [28:27]
    • Indonesia is the largest market in Southeast Asia, can you talk about how the government is viewing cryptocurrency (bitcoin + blockchain)? [28:29]
    • Who are the key players from the startup spaces and major enterprises involved in cryptocurrency within Indonesia? [29:58]
    • How is Singapore looking at regulation in the cryptocurrency market? [31:05]
    • We notice a lot of major cryptocurrency players (Binance) are based in Singapore, what are its competitive strengths and weaknesses? [32:54]
  • Other interesting Asian markets: Thailand and Vietnam. [35:02]
  • Closing [36:14]

Podcast Information:

The show is hosted and produced by Carol Yin (@CarolYujiaYin).  Sound credits for the intro music: Taro Iwashiro, "The Beginning" from Red Cliff Soundtrack.