Malaysia has initiated a pilot program for stablecoins and tokenized deposits, marking a significant step in its digital currency strategy. Meanwhile, Thailand has approved the use of digital assets as collateral for derivatives, expanding the utility of cryptocurrencies in financial markets. In Russia, cryptocurrencies have been officially recognized as property, providing a legal framework for their use and taxation. Kyrgyzstan reports a surge in crypto tax revenue, highlighting the growing adoption of digital currencies in the region. Japan is advancing its financial infrastructure by integrating stablecoin-based securities settlement, aiming to enhance efficiency in its financial markets.