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Crypto investments in ASEAN surge to 424% in 2021
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ambcrypto.comAs the digital age continues apace, central and private banks across the world are experimenting with technology to promote faster, smoother and more secure economic transactions. In the ASEAN (Association of Southeast Asian Nations) region these changes have been significantly promising.
FinTech in ASEAN 2021 report by UOB, PwC Singapore and the Singapore FinTech Association (SFA) crypto firm shed light on some of these statistics. Investments in Fintech firms witnessed an ATH of $3.5 billion in the first nine months of 2021. This was more than three times compared with 2020. This marked a 424% hike as compared to the previous year. Toelaborate further, investment in tech and crypto firms also saw strong growth.
It grew by 6x for the former
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