Singapore's Hyperliquid warning, Indonesia's FinFluencer licence: Asia Express
Asian regulators are tightening crypto oversight while major firms and banks expand infrastructure. MAS added Hyperliquid to its Investor Alert List, alongside the platform’s website and app, as a consumer-warning measure, not a ban. Indonesia now requires competency certification for influencers who promote crypto and other digital assets, and limits promotions to licensed platforms and services. South Korea fined Bithumb $136,000 for sending user data overseas without separate consent. Japan’s SBI signed a 46.7 billion yen deal to fully acquire Bitbank, aiming to create Japan’s largest crypto exchange if approved. Chainlink launched Project Pangea with Korean and European banking groups to test stablecoin-based FX settlement. South Korea is also folding token securities into broader capital-market reforms. Circle and Nomura reportedly plan instant FX settlement for Japanese companies by 2027. ASIC extended to Sept. 30 the deadline for crypto firms to apply for licenses under updated Australian guidance.
