China's Ministry of State Security issued a warning regarding the use of cryptocurrencies in espionage, money laundering, and cyberattacks. The agency emphasized that blockchain transactions are monitored and not anonymous, countering beliefs held by foreign actors.
Singapore's crypto economy grew by 55.4% to $284 billion for the year ending June 2026, according to Chainalysis. Institutional platform activity drove this growth, rising 94% to $60 billion, despite a 6.8% contraction in the broader regional market.
South Korea's Financial Services Commission is evaluating the introduction of market-making systems to improve liquidity. This follows a volatility incident on the Upbit exchange where a yen-pegged stablecoin traded at four times its value due to limited liquidity.
MoonPay has established a South Korean subsidiary to focus on payments and digital asset distribution, pending regulatory approval. Meanwhile, Binance Pay enabled overseas users to spend over 100 cryptocurrencies at PayPay merchants in Japan via the HIVEX framework.
Hong Kong regulators, specifically the Securities and Futures Commission and the Accounting and Financial Reporting Council, signed an agreement to coordinate audits and information sharing for licensed crypto firms. Additionally, HSBC announced plans to roll out its RedCoin stablecoin.
