Which country or region holds the most crypto and how much of a crypto holder’s proportion compared to people around the world? Let’s see.
It is estimated that more than 3.6 million people, or 5.2% of the total population of Thailand, currently own cryptocurrencies.
Thailand ranks 2nd in the world with more than 9.9% of internet users owning digital currencies. Additionally, the dominant crypto exchange, BitKub, in Thailand, saw 600% growth in 2020.
Thailand has the second largest share of investment from fintech companies in ASEAN, with 43% of investment focused on e-Payment services and 8% on Bitcoin and blockchain technology.
Thailand is the first country in Southeast Asia to enact a law on cryptocurrencies to control the offering of digital assets and open the door to crypto-related businesses. Since the beginning of 2018, Thailand has approved trading on seven cryptocurrencies. These regulations exist to address security and fraud issues in this new type of digital asset.