India Reviews VDA Framework, Japan Pushes For Extra Reserves, South Korea Implements Stricter AML Rules
Another week, another crypto Asia update. In this week’s update, the focus has shifted towards maintaining regulatory clarity and reinforcing digital asset infrastructure rather than sweeping changes. Governments are fine-tuning what’s already in place.
Here’s the rundown of the biggest headlines from this week in crypto Asia.
India currently has more than 100 million crypto users in the country, but lacks a proper framework to govern the sector. For now, the system is heavy on taxes and anti-money laundering (AML). However, it’s very light on investor protection.
The government has realised the shortcomings, and a formal review is underway. Regulators in the country are now looking at ways to build a stronger…
