Legislators in Asia are warming up to the cryptocurrency industry, influenced by the pro-crypto policies of former U.S. President Trump. Officials in Thailand, Malaysia, and Japan have changed their approach to cryptocurrencies since the beginning of the new year. The Asia-Pacific region already includes cryptocurrency hubs like Singapore and Hong Kong, along with China, where activities have been restricted since the industry ban in 2021.

Lawmakers in some of Asia’s key digital-assets markets are warming to the industry as Donald Trump’s pro-crypto agenda in the US ripples through the region. Officials in Thailand, Malaysia and Japan are among those to have signaled shifts in their treatment of cryptocurrencies since around the turn of the New Year. The Asia-Pacific region already boasts aspiring crypto hubs in Singapore and Hong Kong and a sleeping giant in China, where an industry ban has curbed activity since 2021. 

Asian lawmakers' attitude towards cryptocurrency warms up, influenced by Trump’s policies.