Ethereum News

Ethereum Foundation Taps in Asia for Devcon 7 as Region Records High Crypto Adoption

The Ethereum Foundation will host Devcon 7 in Bangkok, Thailand as it looks to tap into the crypto expansion in the region.
Published by
Ethereum Foundation Taps in Asia for Devcon 7 as Region Records High Crypto Adoption

Ethereum Foundation, a non-profit organization backing Ethereum, announced on Wednesday that it will host Devcon 7 in the city of Bangkok, Thailand. This comes as the blockchain aims to tap the growing crypto adoption in Asian markets.

Advertisement

Ethereum Foundation turns to Asia

As the Ethereum Foundation turns to Asia for its next conferences, the event is marked to place between November 12 and 15 in Bangkok. It notes that the conference aims to increase Devcon’s impact on regional Ethereum communities.

Based on the release, the Ethereum community is rapidly growing in Southeast Asia and holds significant potential. Meanwhile, crypto adoption is on a steady rise in the part of the globe as well.  Vietnam, the Philippines, Indonesia, and Thailand are leading in the Global Crypto Adoption Index, underscoring the region’s pivotal role in the global Ethereum landscape.

Hosting Devcons, which is a conference for developers, and researchers, aims to bring the community across the entire region on a global platform.

Advertisement

The Ethereum boom in Southeast Asia since 2022

According to research company Statista, the Asia-Pacific region is emerging as a leader in the field of digital assets.  Thanks to higher institutional acceptance of cryptocurrencies, it has become one of the most widely owned and used virtual currencies in Southeast Asia.

Around 78% of users in the region claim to own Ethereum-based digital assets, making it the most popular blockchain technology in the Asian region.

Regulatory ease in Asia

Regulations in Asian countries have been easing in the past couple of years, opening them to broader adoption. Therefore, emerging as a potential market expansion for Ethereum-based chains and applications.

According to an OECD report, Southeast Asia is highly suitable for a rise in digital asset use. This has paved the way for governments to lay out regulatory frameworks to safeguard retail users. The trend has also slowly provided for regulations around digital assets to help mitigate consumer concerns.

Also, the report highlights possible international cooperation from governments in the region to come close to formulate laws surrounding virtual currencies for a steady and smooth rise in the customer base.

Advertisement

Share
Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Trump’s Thumzup Media Boost Dogecoin Mining Fleet, Pumps $2.5M Into DogeHash

Trump-backed Thumzup Media has invested $2.5 million in DogeHash Technologies. This is in a bid…

October 1, 2025
  • 24/7 Cryptocurrency News

BREAKING: 21Shares SUI and Polkadot ETFs Gain DTCC Listing

21Shares SUI and Polkadot ETFs were listed on the DTCC website. The listing indicates progress…

October 1, 2025
  • 24/7 Cryptocurrency News

SEC Issues Guidance Enabling Ripple, Coinbase, BitGo to Qualify as Custodians

The U.S. Securities and Exchange Commission (SEC) has issued a new guidance. This allows investment…

October 1, 2025
  • 24/7 Cryptocurrency News

Fed’s Goolsbee Cites Inflation Worries in Case Against Further Rate Cuts

Federal Reserve Bank of Chicago President Austan Goolsbee has warned that inflation risks could outweigh…

October 1, 2025
  • 24/7 Cryptocurrency News

David Schwartz To Step Down as Ripple CTO, Delivers Heartfelt Message to XRP Community

David Schwartz has announced plans to step down from his role as Ripple's Chief Technology…

October 1, 2025
  • Bitcoin News

Michael Saylor Reveals Strategy’s Endgame To Accumulate $1 Trillion Bitcoin For Its Treasury

According to Strategy executive chairman, Michael Saylor, the company has an ambitious vision for its…

October 1, 2025