This week in Asia's crypto landscape, Russia has reiterated that cryptocurrencies will not be recognized as legal tender, maintaining its stance against digital currencies in official transactions. Meanwhile, Japan has postponed its crypto tax reform until 2028 and is exploring the development of a yen-backed stablecoin to integrate digital currency into its financial system.
In India, regulatory approval has been granted for Coinbase's investment in CoinDCX, marking a significant step in the country's evolving crypto market. Additionally, North Korea has reportedly stolen $2.02 billion in cryptocurrencies, highlighting ongoing cybersecurity challenges. Norway's sovereign wealth fund has shown support for Metaplanet's Bitcoin strategy, indicating growing institutional interest in digital assets.
Asia's Top Crypto News: Russia, Japan, India, and More
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