in E. Kaili and D. Psarrakis (eds.) Disintermediation Economics:The Impact of Blockchain on Markets and Policies (Palgrave Macmillan, 2021), Chapter 10, pp. 215-245
Abstract: The response in Asia to the emergence of crypto-assets has varied enormously intra-regionally due to variances not only in legal systems and regulatory preoccupations but also in cultural values, political ideologies, economic and social development, and the maturation of financial systems. After a review of the Asian narrative in Section 1, the current status of regulation in Asia is summarized in Section 2. Sections 3 and 4 address the hurdles to ecosystem development and questions whether regulatory incrementalism is sustainable. The final Section 5 provides suggestions for policy development.