1/ With 2022 almost at its end, now is a good time to know about crypto regulations worldwide, starting with Asia.
And it goes without saying Asia is a major player in the global #crypto market ๐
After all, Asia accounts for 43% of global crypto activity. ๐
2/ However, the regulatory landscape for #crypto in Asia is complex and varied, with different approaches taken by different countries.ย
For example, Japan ๐ฏ๐ต and South Korea ๐ฐ๐ท have heavily regulated the crypto industry and even legally recognize them.
3/ In contrast, some other countries in the region, such as China ๐จ๐ณ & Bangladesh ๐ง๐ฉ, have taken a stricter stance, banning cryptocurrencies altogether.ย
India ๐ฎ๐ณ, on the other hand, has adopted a โWait & Watchโ approach.
It will help you understand how Veriscope Share works more easily.
3/ Veriscope Shares come into the picture after an Originator VASP (oVASP) where the transaction starts ๐ค posts attestation on the Shyft Network, and a relevant counterparty VASP proves they own the wallet address where the transaction is heading to ๐ฅ