Many countries in East Asia have formed the ASEAN Blockchain Alliance to integrate digital and blockchain assets.

According to foreign media on April 23, the ASEAN Blockchain Consortium, which creates the ASEAN block from several blockchain and digital asset countries in East Asia, includes the Blockchain associations of Indonesia, Singapore, Philippines, Labuan, Malaysia, Thailand and Australia. Ease of blockchain integration.

The paperwork was initiated by the Singapore branch of the Blockchain Association (BAS) and aims to work with stakeholders through a new blockchain partnership, the ASEAN Blockchain Alliance, to ensure compliance and promote business knowledge and training. The signing ceremony was attended by Edi Prio Pambudi, consultant to the Indonesian economic coordinator, and Sopnendu Mohanty, director of financial technology (CFO) of the Monetary Authority of Singapore, and completed the Dedoco blockchain digital signature platform. .

BAS President Chia Hock Lai said the digital asset and blockchain industry is growing rapidly and he is pleased that BAS is working with ASEAN countries and Australia to promote healthy economic growth. and stable.

Currently, cryptocurrency adoption is on the rise in Asia and Australia. According to Statista data, Southeast Asians were the region with the largest share of encryption technology last year, with 20% of respondents in the Philippines saying they would use encryption technology in 2020. He The same goes for Australia, where almost 20% of Australians adults say they use it.