Despite setbacks, optimism remains for Asia’s digital assets

From crypto winters to high profile bankruptcies and regulatory clampdowns, the past 12 months has seen crisis after crisis for the crypto industry. However, where the financial industry is concerned, there is still optimism on the growth of the digital assets as a whole.

Chainalysis, a blockchain data platform, characterised FTX’s fiasco as “a failure in governance, not a failure in crypto”, which highlighted the need for regulatory frameworks and the right governance structures. And another large crypto exchange, Binance, had its own issues with several US regulators last year, with founder Changpeng Zhao, known as CZ, stepping down as chief executive officer of the firm after pleading...