China has intensified its crackdown on illegal cross-border cryptocurrency trading, aiming to curb financial risks associated with unregulated transactions. Meanwhile, India has blocked access to prediction markets Kalshi and Polymarket, citing regulatory compliance issues.
In Russia, authorities are stepping up monitoring of large cryptocurrency transactions to prevent illicit activities. Hong Kong is expanding its Common Reporting Standard (CRS) 2.0 to include cryptocurrency assets, enhancing transparency in financial reporting. Additionally, Tether has registered a trademark in South Korea, signaling its intent to strengthen its presence in the Asian market.
Asia's Crypto Landscape Shifts with Regulatory Actions
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