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.
Banking executives gathered with lawmakers to request more flexibility in regulations over their collaboration with crypto firms.
The Hong Kong FSC's staking guideline is part of the government's roadmap to develop the region's crypto framework.
Unlocking the local market would further boost the USD stablecoin market and revitalize the South Korean crypto industry, one analyst said.
Taiwan's top financial regulator and a lawmaker have each drafted separate versions of a special crypto act.
The country aims to add insider trading regulations on crypto-related companies following a rise in scam reports, Nikkei said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Bank of Korea cited bitcoin's volatility and IMF guidelines as the reasons for its decision not to review.
The Central Bank of Russia announced a new proposal to allow qualified investors to trade crypto in a three-year experimental timeframe.