Investors have eagerly speculated about the trends and adoption of cryptocurrencies in the ASEAN region, and Malaysia is no exception. Through the ups and downs over the last few years in the crypto industry, some have jumped onto the Bitcoin and Ethereum trading frenzy, while others remain more cautious and have kept a keen eye on the emerging ecosystem from afar.
To openly discuss the latest overview of the crypto market in Malaysia, Asia Blockchain Review (ABR) and BitcoinMalaysia recently held the Bitcoin Talks Edition of the Unblock Kuala Lumpur meetup series on March 27th in the Malaysian capital, where ideas and opinions were shared and networking sessions were held to promote more partnerships in the industry.
Key speakers included Jason Chew, Managing Partner at BitcoinMalaysia, who has been working to build the cryptocurrency community since 2012, and TM Lee, Co-founder of CoinGecko, a web platform that offers analyses of the crypto market.
Chew said cryptocurrencies have an advantage over traditional currencies, as they are decentralized, borderless, open, and global, allowing everyone to participate equally. All of this empowers users to make transactions at lower costs, which could eventually eliminate the need for traditional banks to carry out transfers.
Lee meanwhile gave an overview of the 10-year background of cryptocurrencies, from the early days of Bitcoin, to its recent bull and bear market periods, as well as the rise of initial coin offerings (ICOs) worldwide. However, Lee noted that scalability and governance are still key issues for stakeholders and that investors should exercise a healthy amount of skepticism towards the market.
Both speakers highlighted the rising potential of cryptocurrencies, believing that now is the best time for developers to work on new ideas.
ABR is set to introduce more discussions in the Unblock series in countries across the region, in collaboration with local and international partners. Stay tuned for more updates at staging.asiablockchainreview.com.
About Asia Blockchain Review
Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.
Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.
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