Asia opens up to cryptocurrencies

In Asia, Japan and Singapore have made the most progress in accepting and regulating cryptocurrency. Ed Sappin (Forbes) explains that Japan is moving toward legalizing ICOs to prevent money laundering and protect investors. Furthermore, the population is rapidly aging and the government is encouraging citizens to find their own retirement plans, such as cryptocurrencies. The Monetary Authority of Singapore (MAS) recognized cryptocurrency and much of the activity previously centered in China has moved to Singapore, attracted by the opening towards the blockchain and cryptocurrencies.