Coinbase's Faryar Shirzad said limiting rewards on US stablecoins could benefit global rivals as China moves to pay interest on digital yuan.
Asia's crypto regulation in 2025 focused less on new promises and more on the delivery of workable rules in practice.
The Hong Kong Insurance Authority is proposing rules that would steer insurance capital toward cryptocurrencies, according to Bloomberg.
While Coinbase did not disclose the size of the investment, CoinDCX said the deal valued the Indian exchange at $2.45 billion.
The country currently requires exchanges to manage customers' crypto reserves in cold wallets, but does not require a reserve.
Malaysia's national utility firm has identified 13,827 premises that illegally siphoned power to mine crypto between 2020 and August 2025.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Japan's financial regulator has finalized plans to reclassify 105 cryptocurrencies as financial products, Asahi reported.
The exchange is exploring measures including requiring companies to undergo fresh audits if they pivot into large-scale crypto accumulation.
MAS Managing Director Chia Der Jiun said that tokenization has moved beyond experimentation and is now used in real-world applications.
The FSA is considering a new system that would require crypto custody and trading management service providers to register with authorities.
Japan's FSA announced its support for a stablecoin pilot project involving the country's three major banks — Mizuho Bank, MUFG, and SMBC.
The Hong Kong SFC said it will allow local crypto exchanges to share global order books with their overseas trading platforms.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
SFC Chair Kelvin Wong Tin-yau said the regulator will step up investor education efforts on DATs and their risks.
The country is also planning to create a national cryptocurrency reserve that will include BNB tokens, CZ said on X.
Goyal also reiterated the government’s discouragement of cryptocurrencies, saying that they remain subject to heavy taxation.
The Hong Kong Monetary Authority has proposed softer capital requirements for banks holding certain crypto assets, Caixin reported.
Bybit has restored full access to its app on both the App Store and Google Play for users in India. Its website is being restored in phases.
The new rules come from South Korea's new guideline on crypto lending services for local exchanges, aiming to protect investors.
South Korea’s FSC chief nominee Lee Eok-won said cryptocurrencies have no intrinsic value and differ from traditional financial products.
Philippine Senator Bam Aquino said at the Manila Tech Summit that he plans to file a bill in the next couple of weeks, local media reported.
Zhou questioned real benefits of stablecoin adoption, suggesting China's financial system is already making progress under centralization.
The bill stipulates that the reserve must not be sold or traded for any purpose except to retire government debt.
South Korea's Financial Services Commission said crypto lending services exist in a legal gray area and could result in user losses.
Thai officials said the country aims to boost tourism by allowing foreign visitors to convert crypto assets into Thai baht for spending.
The country's President Lee Jae Myung has pledged to establish a local currency stablecoin market to strengthen its monetary sovereignty
Japan's Financial Services Agency is expected to approve local firm JPYC to issue its stablecoin this fall, according to Nikkei.
The standards cover management responsibilities, cold wallet infrastructure, third-party wallet oversight and real-time threat monitoring.
While the Chinese authority did not name the project, the description appears to be a reference to World, formerly known as Worldcoin.