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>> HOW DO YOU SEE THIS MOMENTUM CONTINUING, PARTICULARLY WHEN THERE IS STILL SO MUCH OPPOSITION FROM REGULATORS, FROM THE LIKES -- WE HEARD FROM THE FORMER -- PRESIDENT JANUARY CLAUDE -- SAYING BITCOIN IS NOT REAL AND NOT THE FUTURE OF MONEY. >> DIFFERENT KINDS OF VIEWS. IF YOU LOOK AT THE SHORT TERM VIEW, BITCOIN IS A SMALLER MARKET CAP INSTRUMENT SO THERE WILL BE HIGH VOLATILITY BUT IF YOU LOOK AT THE FUNDAMENTAL TECHNOLOGY AND YOU LOOK AT A LONGER TERM VIEW, A PHI-YEAR OR 10-YEAR HORIZON WE'RE VERY HORIZON THAT BITCOIN WILL STAY, THE INDUSTRY WILL GET BIGGER AND WHEN THE INDUSTRY GETS BIGGER THE PRICE HOLY SPIRIT GO HIGHER. >> THERE IS A LOT OF INTEREST IN THE BLOCK CHAIN TECHNOLOGY. WE HAD THE PRESIDENT BEING QUITE BULLISH ON BLOCKCHAIN. THIS IS VERY DIFFERENT TO WHAT PRESIDENT TRUMP HAS TWEETED ON CLOCK CHAIN AND COIN BIT ITSELF. WHAT DID YOU READ INTO IT, AND THE UPSIDE? >> CHINA IS VERY PRO TECHNOLOGY, SO CHINA WILL INVEST VERY HEAVILY IN BLOCKCHAIN TECHNOLOGY. SO GIVEN THAT CHINA HAS ALREADY MADE THAT MOVE EVERY OTHER COUNTRY IN THE WORLD WILL HAVE NO CHOICE BUT TO FOLLOW OR MOVE FASTER HOPEFULLY. IT WILL BE PRETTY HARD TO MOVE FASTER THAN CHINA TO BE HONEST SO I THINK WE'LL SEE A RACE THERE. >> CARRY ON -- [INAUDIBLE] >> ALSO, FOR -- CHINA'S COMMENT IS REALLY ABOUT THE BLOCKCHAIN TECHNOLOGY BUT YOU CAN'T JUST LEARN ABOUT THE BLOCKCHAIN TECHNOLOGY WITHOUT LEARNING ABOUT CRYPTOCURRENCY. SO WE'LL SEE A LOT MORE PEOPLE WHO UNDERSTAND BITCOIN, IF YOU'RE IN OTHER CRYPTO CURRENCIES. WE'LL SEE A VERY STRONG OPTION THERE. >> TELL ME ABOUT, HERE, HOW YOU SPANNED HERE, HOW IS -- WHAT'S THE MARKET LOOKING LIKE? HOW IMPORTANT IS SINGAPORE IN THIS? HOW BIG IS SOUTHEAST ASIA AND WHAT'S YOUR NEXT FRONTIER? >> SURE. I THINK SINGAPORE IS A KEY MARKET IN THIS AREA. SINGAPORE HAS ALREADY PLAYED A VERY LEADING ROLE IN THE ADOPTION OF BLOCKCHAIN TECHNOLOGIES AND CRYPTOCURRENCY. SINGAPORE HAS SOME OF THE SMARTEST GOVERNMENT REGULATORS AROUND, AND THEY HAVE AN IN DEPTH UNDERSTANDING OF BLOCKCHAIN TECHNOLOGY AND CRYPTOCURRENCY. THEY HAVE UPHELD SOME OF THE MOST RIGOROUS AND SENSIBLE REGULATIONS. SO I THINK SINGAPORE WILL PLAY A KEY ROLE IN SOUTHEAST ASIA AND BEYOND. >> I'M RATHER INTERESTED IN WHAT YOU WILL BE DOING IN CHINA AND WHAT YOUR CHINA STRATEGY IS GIVEN ALSO, THERE IS A SPEECH ABOUT BLOCKCHAIN RECENTLY, AND THAT HAD A HUGE EFFECT ON THE SPACE. ANYBODY WHICH WAS CONNECTED WITH ADVISING JINPING, SAW THEIR STOCK GO ON AN ABSOLUTE TEAR. >> YES. SO WE'RE ALSO SEEING THAT HAPPENING. OUR STRATEGY IS VERY SIMPLE. I THINK WE WANT TO FOLLOW THE RECOMMENDATIONS VERY CLOSELY AND WE WANT TO PROMOTE THE BLOCKCHAIN TECHNOLOGY, RESEARCH AND DEVELOPMENT AND WE'RE LOOKING AT A NUMBER OF INITIATIVES IN THE AREA AND WE JUST WANT TO HELP OUT WHERE WE CAN. >> WOULD YOU LIST LEE IBRA? >> WE CAN'T MAKE PREDICTIONS BEFORE IT COMES DOWN SO WE'LL TAKE A CLOSER LOOK WHEN IT COMES OUT BUT OUR MATRIX IS VERY SIMPLE. WE LOOK AT THE USERS. IF THE USERS ARE YOU USING IT WE'LL HAVE NO CHOICE BUT TO LIST IT. FROM THE COMMENTS THAT WE'VE OBSERVED, MOST OF THE ATTACKS AGAINST FACEBOOK, NOT PARTICULARLY -- WE'LL HAVE TO SEE WHEN IT COMES OUT. >> THERE IS STILL SO MUCH REGULATORY CONCERN OVER CRYPT TOES, AND WE MENTIONED BEFORE THERE, HAVE BEEN CALLS FOR MORE REGULATORY APPROVAL TO COME THROUGH GLOBALLY AS WELL. DOES THAT AFFECT WHAT'S HAPPENING IN TERMS OF INSTITUTIONAL INTEREST? >> WE'RE DEFINITELY SEEING A LOT OF INSTITUTIONAL INTEREST PICKING UP. I THINK THE REGULATORY UNCERTAINTY STILL HAUNTS US IN SOME SOME COUNTRIES BUT I THINK WE'RE SEEING AN ADOPTION. WE'RE WORKING WITH THE GOVERNMENT OF UKRAINE ADVISING THEM ON REGULATORY FRAME WORKS AND WE WORK VERY CLOSELY IN SINGAPORE WITH A REGULATORY BODY HERE AND WE WORK WITH A NUMBER OF OTHER REGULATORY BODIES AROUND THE WORLD. I THINK THINGS ARE IMPROVING VERY QUICKLY. >> I THINK IN SEPTEMBER YOU ANNOUNCED THAT YOU WERE GETTING INVOLVED WITH ANOTHER MARKET. WHERE ARE YOU WITH THAT AND HAVE YOU OPENED A OFFICE IN BEIJING TO FACILITATE THINGS? >> WE'RE SERVICING THE -- MARKET, THE SAME IN CHINA. WE DON'T HAVE AN OFFICE IN BEIJING. THAT'S A RUMOR, THAT'S NOT TRUE. >> YOU'RE HEADING TO TURKEY, THE TURKISH CAPITAL MARKETS SUMMIT. WHAT IS HAPPENING THERE BECAUSE THERE IS QUITE A LOT OF INTEREST COMING THROUGH IN THAT SPACE. >> YES. WHAT WE'VE SEEN IS A VERY STRONG INTEREST BY TURKEY, ACTIVE MARKETS, AND THIS CONFERENCE, ORGANIZED BY THE GOVERNMENT THERE, AND SO I'M GOING THERE TO LEARN MORE ABOUT IT. WE ARE SUPPORTING THAT MARKET -- WE WANT TO SUPPORT THAT MARKET MORE PROACTIVELY. .