SINGAPORE (Dec 25): If you want to understand the cryptocurrency mania, look no further than South Korea, the world’s most wired nation and home to the speediest internet. Koreans, true to their repu­tation of being early tech adopters, have taken to digital currencies like fish to water. The world’s largest bitcoin exchanges are located in Seoul and more than 1.2 million Koreans have registered accounts with a cryptocurrency exchange. The average Korean makes several cryptocurrency exchange transactions a week. Over the past two weeks, Koreans accounted for nearly a third of all bitcoin trades globally. Add in Japan, and you get close to 65% of all bitcoin trades, or up to 75% on a good day.

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