An ad for bitcoin is displayed on a street in Hong Kong. Photo: AP
An ad for bitcoin is displayed on a street in Hong Kong. Photo: AP

Why crypto fans in Singapore, Malaysia and elsewhere are upbeat despite the crash and looming regulation

  • A massive market meltdown has sent cryptocurrencies tumbling, with bitcoin losing about 70 per cent of its value in recent months
  • Analysts say smaller start-ups working in the space could be forced to close – though advocates of crypto, decentralised-finance and NFTs remain hopeful

An ad for bitcoin is displayed on a street in Hong Kong. Photo: AP
An ad for bitcoin is displayed on a street in Hong Kong. Photo: AP
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