Cryptocurrencies Setting Sail From Asia.

While the cryptocurrency market continues to expand at an unprecedented rate, a massive volume of exchanges are electing to uproot from Asia in favour of greener pastures.

Japan was one of the earlier states to attempt to regulate cryptocurrencies, but has experienced continual problems notwithstanding the coming into effect of its Virtual Currency Act on April 1^st 2017. Between a series of hacks, scams, and thefts, it appears that Japan's Financial Services Agency has intense difficulty regulating and enforcing this dynamic field. Severe blows such as the theft at Coincheck of $530 million have even prompted a group of exchanges to go so far as to form a self governing authority to oversee activities.