South Korean cryptocurrency exchanges are experiencing a revenue squeeze as regulatory pressures mount. Meanwhile, Japan has approved a $135 billion stimulus package and is planning reforms to its crypto tax policies to foster growth in the sector. In India, the government is set to launch a rupee-pegged ARC asset, aiming to integrate digital currency with traditional finance.
In Malaysia, authorities have reported a loss of $1.1 billion due to power theft by illegal cryptocurrency miners. Russia is reportedly using cryptocurrency laundering as a tool for espionage activities, raising international security concerns. Additionally, the United States is investigating Bitmain for potential national-security risks, reflecting growing scrutiny of foreign crypto firms.
Asia's Top Crypto News: South Korea, Japan, India, Malaysia, Russia, U.S.
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