Asia appears to be quite conflicted when it comes to cryptocurrency markets, with some countries, such as China, outright banning initial coin offerings ...
source https://www.google.com/url?rct=j&sa=t&url=https://cryptocoinspy.com/india-crypto-regulation-report-officially-submitted/&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNGUzP_3nD3AJRZkBE1_V5ON2zdsng