Regulation
India’s central bank governor calls for ban on crypto, compares it to gambling
Shaktikanta Das reiterated his earlier criticisms of the cryptocurrency sector.
Mike Dalton 2 min read
Asia Crypto News
Insights on policy shifts, CBDC pilots, mining trends, and the broader impact on global crypto markets.
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Top Asia Stories
Regulation
Hong Kong to only allow investing in highly liquid virtual assets
SFC Chair Julia Leung said the regulator intends to introduce rules to only allow investing in major virtual assets that are highly liquid.
Trading
Samsung Asset Management to list Bitcoin ETF on Hong Kong Stock Exchange
The Samsung Bitcoin Active ETF (under the ticker FA SAMSUNG BTC) will be open for trading on Jan. 13 via the Hong Kong Stock Exchange market.
Latest Asia Crypto News & Analysis
Exchanges
WazirX publishes proof of reserves of assets worth $285M
WazirX currently holds about 6.09 trillion SHIBA INU worth $54.6 million, 1,356 BTC worth $23.6 million, and 20,056 ETH worth $26.6 million.
Regulation
Thailand SEC to probe Zipmex over unregistered earn products
The SEC said that Zipmex could have unduly operated as a fund manager by offering its ZipUP earn products.
Bear Market
Coinbase to wind down Japanese operations amid global staff cuts
The full closure will come after Coinbase finalizes discussions with Japanese regulators.
Exchanges
Binance annual revenue grew 10x over the past 2 years, while OKX’s grew 4x
In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.
Exchanges
Korean tax authorities investigate Bithumb, subsidiaries
The National Tax Service opened a "special tax investigation" into Bithumb, including the individual Kang Jong-hyeon, who is alleged to be the company owner.
Bear Market
Huobi Korea to become an independent entity, breaking ties with Huobi Global
Huobi Korea chairman Jo Guk-Bong will buy the majority stakes from Huobi global founder Leon Lin.
