Asia Crypto News

Eight Months Later, How Has the Timothy Ronald Case Progressed? • The case has returned to public attention after eight months. • Victims are pressing for a clear update on the case status. • The reported losses are claimed to be as high as IDR 200 billion. #Indonesia 🗞 Source by Asia Stableco…

[Token Securities] 2. FSC: Residential housing banned as a fractional investment asset • Residential housing is excluded from the underlying assets for fractional investment securities. • The FSC also identified commercial real estate used for residential purposes, gambling-related assets, and oth…

[Token Securities] 1. Financial Services Commission: "Model validation and pilot project for tokenizing listed stocks centered on KRX" • The Financial Services Commission plans to run listed-stock tokenization model testing and a pilot project in parallel. • KRX will serve as the central platform,…

Virtual currency lending contract ruled invalid; failure to return borrowed coins to be compensated at acquisition cost • The court found the virtual currency lending contract to be invalid. • If the borrowed coins are not returned, compensation is tied to the lender's acquisition cost. • The dec…

Tokenized Securities Expand Beyond Fractional Investing to Stocks, Bonds and Funds... Gradual Rollout Starting Next February • The Financial Services Commission announced a policy to widen tokenized securities from fractional investing into mainstream financial products. • The first phase starts n…

ASIC warns unlicensed crypto businesses could face fines of up to 10% of annual turnover • Unlicensed crypto firms may be fined up to 10% of annual turnover. • ASIC is stepping up enforcement pressure on digital asset businesses. • The move signals tighter regulatory scrutiny for crypto operators…

Despite Polymarket's domestic access block, a workaround has reopened on Android • On Sept. 3 Korea time, the Android Polymtrade app was confirmed to be showing trading lists and prices normally. • Polymtrade is a separate app from the official Polymarket app, but its service had also been restric…

"Virtual Asset Taxation, Need to Review Acquisition Cost Calculation Methods" • Kim Kyung-ha said the existing resident-based weighted average method may not accurately calculate acquisition cost for digital asset transactions. • He called for a review of whether the current method can properly pr…

KB Kookmin Bank to Use J.P. Morgan Blockchain Network for Import and Export Payments, First Among Domestic Financial Institutions • KB Kookmin Bank is launching trade payment services for import and export firms on Kinexys by J.P. Morgan. • J.P. Morgan said the bank is the first in South Korea to …

Full Text: “Virtual Asset Accounting Treatment Has Changed... The Tax System Must Also Change” • Kim Gap-soon of Dongguk University said digital asset accounting rules have changed and should be reflected in taxation. • He noted that accounting treatment now differs depending on whether a company …

BitGo Opens New Singapore Office After Tripling APAC Client Base • BitGo says its APAC client base has tripled over the past two years. • Singapore now serves as BitGo's regional hub for digital asset infrastructure in Asia Pacific. • BitGo Singapore received a Major Payment Institution licence f…

Noncompliant transfers will be prohibited, and Thailand's crypto "travel rule" will take effect on February 27, 2027 • The rule will apply from February 27, 2027. • Transfers that do not meet compliance requirements will be prohibited. • The measure is part of Thailand's broader effort to tighten…

Bank of Korea: Expanded corporate and foreign participation in the coin market could affect exchange rates • Researchers said a channel could form in which demand shocks in the dollar stablecoin market pass through FX transactions and reach the KRW-USD exchange rate. • The analysis highlighted Bin…

National Assembly Research Service: Virtual assets should be reconsidered for classification as other income • Kim said it is necessary to reassess whether the 2020 classification should be kept unchanged. • He argued that changes in the institutional and economic environment justify a fresh revie…

Why tokenize mutual funds? MUFG conducts a verification in a live production environment, the first in Japan • Mitsubishi UFJ Asset Management, Mitsubishi UFJ Morgan Stanley Securities, Mitsubishi UFJ Trust and Banking, and Progmat joined the test. • The verification covered a domestically issued …

"Crypto Asset ETFs Should Be Capital Gains, While Direct Trading Has Other Income Issues" • Professor Kwon said the same underlying digital asset should not be taxed differently depending on whether it is held through an ETF or traded directly. • He noted that overseas digital asset ETF gains are …