Hong Kong · Taiwan · Japan · European Union · Bitcoin · Russia · Cointelegraph
Dubai tops Asian crypto hubs, Taiwan passes crypto laws: Asia Express
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Japan's SBI Crypto shuts down 12th largest Bitcoin mining pool in the world, Russia gears up to launch digital ruble despite EU sanctions, and more: Asia Express.
Key facts
- US Treasury debt is the largest tokenized real-world asset category, representing $14.6 billion, or about 46% of the $31.7 billion RWA market, according to data provider RWA.xyz
- Meanwhile Nasdaq-listed South Korean company K Wave Media sold its remaining 88 BTC to repay $6 million in debt, exiting the Bitcoin treasury strategy, according to a Tuesday filing with the US
- The company acquired its latest trove at an average price of about 12.71 million yen ($78,850 at current exchange rates), reducing its average acquisition cost to about $95,117 per BTC from $96,258
- The company signed an MOU to help build Alatau City’s blockchain and crypto infrastructure during the Alatau City Roadshow in Shenzhen and Hong Kong in June, which reportedly secured 30 cooperation
Summary
The Indian central bank reportedly urged lawmakers to keep banks insulated from crypto and private stablecoins while preserving room for regulated tokenization. According to a report by The Economic Times, RBI Deputy Governor Rohit Jain and Executive Director P. In a background note submitted to the panel, the RBI reportedly said prohibition remained a recognized policy option and recommended preventing the use of crypto in payments and settlements while restricting banking-sector exposure. The central bank reportedly warned that applying traditional regulation to crypto could legitimize speculative assets and create a false perception of safety among users.