A new report predicts digital asset tokenization will be a $16.1-trillion business opportunity by 2030.
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Asia/Pac
<p>China has accounted for over 90% of bitcoin's trading volume in recent weeks as no trading costs and a devaluing yuan have attracted the attention of traders; the country has approximately 10 of the world's leading bitcoin exchanges which have seen some intervention from Chinese regulators in recent weeks; beginning on Tuesday, three of the largest Chinese bitcoin exchanges implemented a flat fee of 0.2% per transaction to manage manipulation and volatility; trading volumes were significantly impacted following the new fee structure with volumes down approximately 90% on Chinese bitcoin exchanges.
India has become one of the fastest and most diverse fintech markets in the world; at LendIt USA 2017 we hosted a panel featuring leading India fintech firms; panelists talk about what makes the India market unique and what is the size of the opportunity right now; banks have helped to serve the top of the credit pyramid and micro lending has helped to serve the bottom of the credit pyramid, there is a big opportunity in serving the missing middle; panelists focused on how their lending models differ, the differences in the small business and consumer markets and how India has gone from a data scarce country to a data rich country; Aadhaar has also played a key role in helping to get more people and businesses into the financial system; other areas discussed include borrower acquisition channels and leveraging third party data sources. Source