亚洲每周TOP10加密新闻：俄罗斯全面禁止加密货币现金交易、日本将加密资产作为“金融产品”进行监管以及Top10新闻1。金管局副总裁：香港允许人民币稳定币发行须经内地监管审批链接 香港金融管理局副总裁陈伟民就稳定币发牌进展表示，稳定币发行机构主要根据自身业务考虑来决定发行哪种货币。首批两家持牌机构将首先推出港币稳定币，未来香港的制度允许发行包括人民币在内的其他货币，但申请人必须获得内地当局的批准。对于第二批牌照发放时间，陈为民表示，目前还没有具体时间表，但正在与有意向的申请人保持持续沟通。此外，汇丰透露，其港币稳定币计划于下半年推出，无缝集成PayMe和HSBC HK App，支持点对点（P2P）转账、个人对商户（P2M）支付以及代币化投资产品认购等。
有可靠消息人士透露，第二批香港监管稳定币发行人牌照的申请正在进行中，富途证券和OSL集团是该批牌照的有力竞争者。报道补充称，去年11月，中国人民银行等12个部委联合发表声明，重申严厉打击中国内地虚拟货币交易，并明确将稳定币归为虚拟货币，这意味着中国内地市场不会开放稳定币交易。2。俄罗斯央行：全面禁止加密货币与现金交易，交易仅限非现金手段链接 俄罗斯央行第一副行长弗拉基米尔·奇斯秋欣 (Vladimir Chistyukhin) 表示，加密货币交易
Asia’s weekly TOP10 crypto news: Russia Imposes Full Ban on Cryptocurrency-to-Cash Exchanges, Japan to Regulate Crypto Assets as “Financial Products” and Top10 News
1. HKMA Deputy Vice President: Hong Kong Permits RMB Stablecoin Issuance Subject to Mainland Regulatory Approval link
Chen Weimin, Deputy Chief Executive of the Hong Kong Monetary Authority, said regarding the progress of stablecoin licensing that stablecoin issuers mainly decide which currency to issue based on their own business considerations. The first two licensed institutions will initially launch HKD stablecoins, and future issuance of other currencies including RMB is permitted under Hong Kong’s regime, but applicants must obtain approval from mainland authorities. On the timing of the second batch of licenses, Chen Weimin stated there is no specific timetable yet, but continuous communication is maintained with interested applicants. In addition, HSBC revealed that its HKD stablecoin is scheduled for launch in the second half of the year, with seamless integration into PayMe and the HSBC HK App, supporting peer-to-peer (P2P) transfers, person-to-merchant (P2M) payments, and subscription to tokenized investment products.
A reliable source disclosed that applications for the second batch of Hong Kong regulated stablecoin issuer licenses are currently underway, with Futu Securities and OSL Group being strong contenders for this batch of licenses. The report added that in November last year, the People’s Bank of China and 12 other ministries jointly issued a statement reaffirming the crackdown on virtual currency trading within mainland China and explicitly classifying stablecoins as virtual currencies, meaning the mainland Chinese market will not open up stablecoin trading.
2. Central Bank of Russia: To Impose Full Ban on Crypto-to-Cash Exchanges, Transactions Limited to Non-Cash Means Only link
Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia, stated that cryptocurrency transactions in Russia will only be permitted via non-cash methods in the future, and no mechanism for converting Bitcoin into cash rubles will be introduced to ensure controllable capital flows and prevent money laundering and other illegal activities. The Central Bank of Russia and the Ministry of Finance have been promoting legislation for the cryptocurrency market since last autumn. The relevant bill was submitted to the State Duma in March this year and is scheduled to take effect on July 1, 2026. Institutions operating without a license will face severe penalties.
3. Japanese Government Passes Amendment to Regulate Crypto Assets as “Financial Products” for the First Time link
On April 10, the Japanese government approved an amendment to the Financial Instruments and Exchange Act at a Cabinet meeting, regulating crypto assets as “financial products” for the first time. It plans to introduce an insider trading ban and require issuers to disclose information annually to strengthen investor protection. Previously, crypto assets were mainly regulated as payment methods under the Payment Services Act. As their investment attributes have grown, the regulatory framework will shift to financial market rules. If the relevant bill is passed in the current Diet session, it is expected to take effect as early as 2027.
4. South Korea Proposes Draft Digital Asset Basic Act, Eyeing Licensing and Reserve Requirements for Stablecoins link
South Korea’s ruling party has proposed a draft Basic Digital Assets Act, which aims to establish a systematic legal framework covering issuance, trading, custody and supervision. It will bring “value-pegged assets” such as stablecoins linked to fiat or real-world assets under regulation, requiring issuers to obtain licenses, fulfill reserve and redemption obligations, and meet capital and operational capability requirements. The draft also plans to impose licensing, registration and reporting requirements on trading, brokerage, custody and consulting services, strengthen information disclosure, internal controls and market conduct rules, and establish a Digital Assets Committee to coordinate overall policies.
5. Thai SEC Plans to Expand Scrutiny of Crypto Firms’ Funding Sources to Include Financial Backers Behind Major Shareholders link
Thailand’s Securities and Exchange Commission (Thai SEC) has proposed new regulations to expand the approval scope of crypto companies to fund providers behind major shareholders. It stipulates that entities providing direct or indirect financial support must be included in regulatory approval to strengthen oversight of implicit capital flows and prevent money laundering risks. The new rules cover indirect capital contributions through methods such as share acquisitions, and the public consultation period will last until April 22.
6. Dubai’s VARA Issues New Token Issuance Guidelines: Detailing Regulatory Pathways for RWA and Stablecoins link
Dubai’s Virtual Assets Regulatory Authority (VARA) has issued detailed guidelines for virtual asset issuance, further clarifying disclosure and governance standards for stablecoins, real-world assets (RWAs) and other digital assets by categorizing token issuances into three classes. Class 1 issuances cover fiat-pegged tokens (stablecoins) and asset-pegged tokens (RWAs), requiring issuers to obtain a full license and strictly comply with reserve and redemption requirements. Class 2 issued assets must be distributed through VARA-authorized intermediaries, which assume due diligence responsibilities. Exempted assets are limited to specific assets with limited functionality.
7. North Korean (DPRK) IT Professionals Participated in Building Major Crypto Protocols as Early as the DeFi Summer Era link
On-chain analyst @tayvano_ stated that IT workers from the DPRK participated in building several mainstream crypto protocols as early as the DeFi Summer period, including dozens of protocols such as SushiSwap, THORChain, Harmony, Ankr, Shiba Inu, Yearn, Shib, and Floki, noting that the listed examples are only partial cases. He also added that the “7 years of blockchain development experience” on their resumes is not fake.
8. Global Central Banks Are Adopting Crypto Infrastructure at Low Cost link
According to a blog post by The Times of Israel, central banks worldwide are obtaining mature blockchain infrastructure at extremely low cost or even “for free”, which was built after the private crypto industry spent huge sums on trial and error. The article states that from November 2021 to the end of 2022, the total crypto market capitalization dropped from around $3 trillion to roughly $800 billion, yet the underlying technical architecture remained intact. Currently, projects including the BIS mBridge, the ECB’s digital euro prototype, and tests for Israel’s digital shekel are all built to varying degrees on technical outcomes refined through years of private-sector investment. The article notes that this model — “private sector bears trial-and-error costs while central banks take over mature results” — may undermine incentives for future financial infrastructure innovation.
9. OKX Ventures Invests in Vietnam’s CAEX Exchange and Joins Regulatory Pilot link
OKX Founder and CEO Star Xu announced that OKX Ventures has made a strategic investment in Vietnam’s CAEX Exchange, joining VPBankS, LynkiD and HashKey Capital in the funding round. The capital injection will be made in April to meet the Vietnamese government’s minimum capital requirement of 10 trillion Vietnamese dong (approximately $380 million) for the crypto asset trading regulatory pilot, and will support its development in compliance, security, risk management and liquidity. Vietnam CAEX Exchange (Vietnam Prosperity Crypto Asset Exchange Joint Stock Company) is a local Vietnamese crypto asset trading platform co-founded by institutions including VPBankS and LynkiD.
10. Hong Kong Mortgage Corp Plans up to HK$12 Billion Digital Bond Issuance, Potentially World’s Largest of Its Kind link
The Hong Kong Mortgage Corporation is considering issuing digital bonds worth approximately HK$10 to 12 billion, which could become the largest such issuance globally. The bonds are planned to be denominated in Hong Kong dollars and offshore RMB, with a potential launch as early as next month. Relevant terms are still under discussion. The digital bonds will be issued, traded and settled on a blockchain. Hong Kong is promoting such products to strengthen its position as a digital asset hub.
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