Dubai tops Asian crypto hubs, India isolates banks from crypto: Asia Express
Key developments across crypto regulation, infrastructure, and treasury strategy: India’s central bank urged lawmakers to keep banks insulated from crypto and private stablecoins, while allowing regulated tokenization of financial assets. Russia’s central bank said the digital ruble is ready for a Sept. 1 launch. Japan’s SBI Crypto is closing its Bitcoin mining pool on July 31 after five years. US authorities sanctioned 134 ISIS-K-linked wallet addresses, with Tether freezing 131 Tron addresses. On the corporate side, Metaplanet bought 2,823 BTC in Q2, lifting holdings above 43,000 BTC, while K Wave Media sold its remaining 88 BTC to pay debt. Dubai’s VARA issued its 50th VASP license. South Korea’s central bank governor backed tokenized government bonds and a unified ledger for tokenized assets and CBDC pilots. Taiwan passed a crypto law covering VASP licensing and stablecoin rules. Solana Company also signed an agreement tied to Kazakhstan’s planned Alatau City blockchain buildout.
