Asia has surpassed North America as the leading hub for blockchain talent, now accounting for 35% of the global market, according to Electric Capital’s 2024 report.
North America’s share of global crypto developers has dropped from 45% in 2015 to 23% in 2024, marking a significant decline in its dominance.
Increased regulatory scrutiny in the U.S., such as Operation Chokepoint 2.0, has driven blockchain talent to more favorable regions, including Asia.
The SEC’s aggressive "regulation by enforcement" approach has deterred innovation, causing major crypto companies to face costly legal battles.
Countries like Singapore, Japan, and South Korea have embraced blockchain with clear regulations, attracting developers and investors globally.
Leaders like Coinbase’s Sid Ramesh emphasize that innovation is moving eastward as the U.S. risks falling behind due to regulatory barriers.
Asia’s rise as a blockchain powerhouse is reshaping the global landscape, setting the stage for the next wave of crypto and blockchain advancements.