Philippines ranks fourth globally in crypto adoption, Changpeng Zhao notes

Philippines ranks fourth globally in crypto adoption, Changpeng Zhao notes
Philippines rises in global crypto ranking

Changpeng Zhao highlights the Philippines as one of the most exciting digital asset markets in Southeast Asia, noting the country's recent surge to fourth place globally in the TRM Labs Country Crypto Adoption Index.

He observes that Philippine regulators are collaborative and focused on consumer protection and innovation.

Zhao has recently commented on regulatory developments in other regions. He voiced concern over EU restrictions impacting user access to global crypto liquidity. Zhao also recently noted the board changes at CEA Industries following a settled proxy dispute with YZi Labs and the appointment of Ella Zhang as director.

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