China is reportedly considering restrictions on Chinese-funded firms engaging in cryptocurrency activities in Hong Kong, signaling a potential tightening of its crypto policies. Meanwhile, Russian experts have proposed the establishment of a state-level crypto bank to facilitate digital currency transactions, reflecting growing interest in formalizing crypto infrastructure. In South Korea, the government has lifted a ban on venture capital financing for cryptocurrency firms, opening new avenues for investment and growth in the sector. Vietnam has initiated a five-year pilot program for crypto trading, limited to local platforms and transactions in Vietnamese Dong (VND), as part of its cautious approach to integrating digital currencies into its financial system.