“In Singapore, we’re seeing a rise in the use of crypto merchant services, while in Indonesia, crypto is being used as a trading instrument and has become one of the fastest-growing crypto markets in the region with the highest year-over-year growth at nearly 200%,” van Wersch said.

That’s not all good news: As more people adopt it, there will likely be more crime, he added. “As adoption grows, so will crime. And today, crypto is encompassing all types of crime — including fraud and narcotics.”