The Hong Kong Monetary Authority (HKMA) plans to issue a limited number of stablecoin licenses, signaling a cautious approach to regulating digital currencies. Meanwhile, South Korea is set to enhance global cooperation by sharing cryptocurrency tax data, aiming to improve transparency and compliance. In Singapore, authorities reported S$81.6 million lost to cryptocurrency scams, highlighting the need for increased vigilance and regulatory measures. Japan's Financial Services Agency (FSA) is considering moving cryptocurrencies under securities law, which could significantly impact the regulatory landscape. Additionally, Kazakhstan is testing the use of stablecoins for paying fees, indicating a potential shift towards broader adoption of digital currencies in government transactions.