Asia embraces digital currency and cryptocurrency

Author

David Kuo Chen LEE

Publication Type

Magazine Article

Version

Publisher’s Version

Publication Date

11-2021

Abstract

A decade ago, everyone was sceptical about cryptocurrency. Today, Asian governments are harnessing its technology to raise payment efficiency and improve financial inclusion. Initially, the technology was advocated and harnessed by ‘cypherpunks’, that is, individuals who advocate the use of cryptography and other strong encryption technologies to promote social and political change. At that time, being a cypherpunk meant standing on the opposite side of the government; today, I see cypherpunks, otherwise more appropriately known as cryptopunks, working closely with governments.

Keywords

cryptocurrency, technology, blockchain, innovation, online trading, fintech

Discipline

Asian Studies | Finance and Financial Management | Technology and Innovation

Publication

Asian Management Insights (Singapore Management University)

Volume

8

Issue

2

First Page

72

Last Page

73

ISSN

2315-4284

Publisher

Singapore Management University, Centre for Management Practice

City or Country

Singapore

Embargo Period

4-4-2022

Citation

LEE, David Kuo Chen. Asia embraces digital currency and cryptocurrency. (2021). Asian Management Insights (Singapore Management University). 8, (2), 72-73.
Available at: https://ink.library.smu.edu.sg/ami/165

Copyright Owner and License

Singapore Management University

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Additional URL

https://cmp.smu.edu.sg/ami/article/20211116/asia-embraces-digital-currency-and-cryptocurrency