Crypto transactions in Asia grew by 706% as institutional adoption – Chainalysis - grew.

According to Chainalysis, the value of transactions in the region was 14% ($572.5 billion), with India representing the highest

that is, the cost of the transaction.

Back in April, the Central Bank of Sri Lanka informed us about the risk of investing in cryptocurrency, pointing out the lack of legal or regulatory remedies. However, just a month after the notification, the central bank included three banks in the shortlist to develop a trial concept of a common "Know Your Customer" mechanism using blockchain.