South Korea's startup ministry seeks to allow crypto firms to register as 'venture companies,' which would grant them government benefits.
Hong Kong's stablecoin licensing regime is set to take effect on Aug. 1, with several TradFi players expressing interest in applying.
The authorities cited the growing attention on stablecoins as a key hook used by illegal entities to lure individuals into investment scams.
Christopher Hui, Secretary for Financial Services and the Treasury, told local newspaper that the region may issue stablecoin licenses this year but the number is likely to remain 'in the single digits.'
Ant Group and JD urged the PBOC to authorize yuan-backed stablecoins in addition to those pegged to the Hong Kong dollar, Reuters reported.
The BOK reportedly said it will monitor the progress of local legislation on stablecoins, which have been gaining momentum recently.
Guotai Junan announced Wednesday a license upgrade granted by the Hong Kong SFC, enabling it to offer crypto trading services.
Hong Kong released a new policy statement that outlined plans to support the expansion of RWA tokenization and its crypto licensing regime.
South Korea has taken on local currency-based stablecoins as a major national task, while some experts raised red flags about the initiative.
Paul Chan, Hong Kong's financial secretary, said the city's upcoming stablecoin licensing regime is set to take effect on August 1.
The Thai SEC has two revisions to its crypto listing criteria on exchanges, one of which would allow them to offer exchange tokens.
South Korea's FSC said it would prepare an implementation plan for local cryptocurrency ETFs in the second half of 2025.
The BOK's latest comment conflicts with the president's agenda to push KRW stablecoins to prevent the outflow of domestic capital.
People's Bank of China Governor Pan Gongsheng said the e-CNY center seeks to promote the internationalization of the digital yuan.
Vietnam has approved a landmark bill legalizing digital assets as the country aims to better its global crypto allure and spark local economic growth.
The proposal aligns with recently elected President Lee Jae-myung's promise to approve and promote a Korean won-based stablecoin market.
The new president vows to allow local adoption of spot crypto ETFs and establish a Korean won-pegged stablecoin market.
In a phased rollout, South Korea plans to allow publicly listed firms to trade crypto in the second half of this year.
Thailand's securities regulator announced that crypto exchanges Bybit, 1000X, CoinEx, OKX and XT will be banned locally starting June 28.
The Stablecoins Ordinance requires stablecoin issuers to obtain a license from the Hong Kong Monetary Authority.
Non-profit organizations and crypto exchanges will be able to sell their crypto starting next month, marking a first for the country.
Kim Moon-soo, the right-wing party candidate for South Korea's presidential election next month, expressed support for spot crypto ETFs.
Indonesia's digital ministry suspended the operating permit of Worldcoin for alleged violations of electronic system operation regulations.
The People Power Party unveiled initiatives to boost the crypto industry, including allowing spot crypto ETF trading within this year.
South Korea's financial regulators are also loosening previously strict regulations on the crypto asset sector.
The nation is working on the second part of its crypto legislation, focusing on stablecoins and transparency rules for crypto services.
Hong Joon-pyo, a presidential primary candidate for the country's right-wing party, previously called for pro-innovation policies.
Chinese local governments have been selling confiscated crypto assets amid a slowing economy, Reuters reported.
The Financial Services Commission said that 14 crypto apps, including KuCoin and MEXC, have been removed from Apple's domestic App Store.
The plan is expected to help the country overcome the challenge of having leftover energy amid high electricity tariffs.