In a significant move, Russia has authorized banks to engage in cryptocurrency business under stringent regulations, marking a pivotal shift in its financial landscape. Meanwhile, Japan's new Prime Minister is expected to provide clarity on the country's crypto regulations, potentially impacting the market's future. South Korea is intensifying its efforts to combat tax evasion by targeting cold wallets, a strategy aimed at ensuring compliance and transparency. In Hong Kong, a Virtual Asset Intelligence Task Force has been established to enhance oversight and security in the digital asset sector. Additionally, Singapore has postponed the implementation of Basel crypto capital rules, indicating a cautious approach to regulatory changes.