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Why is the price of BTC (and any other crypto) always higher in Asian countries?
by
gentleman2019
on 21/09/2020, 23:24:09 UTC
⭐ Merited by DdmrDdmr (1)
Its consistently higher that what the normal currency exchange rate would suggest in Asian countries.

For example if you multiply the USD rate of 1 BTC with the CNY rate, its 1 BTC = CNY 73,600, but exchanges there have it around CNY 75,500.

In other countries in Asia and South America also BTC is more expensive to buy in non-USD currencies than in USD.

Why is this the case?