Asia's weekly crypto news: South Korea token listings down 74% YoY, Bank of Korea backs tokenized bonds, Taiwan passes Virtual Asset Services Act, India USDT premium surges 8.5%, Binance enters Philippine market.
DeFi & Yields ·
South Korea's token listings fell 74 percent year-over-year, according to weekly crypto news tracking, signaling a sharp contraction in new digital asset issuance in the region. Separately, the Bank of Korea supported the issuance of tokenized government bonds on a unified ledger, while Taiwan enacted its Virtual Asset Services Act and Binance launched operations in the Philippines through a regulatory sandbox framework.
India's USDT premium climbed above 8.5 percent amid ongoing demand dynamics in the region's stablecoin market. These developments reflect a mixed picture across Asia: regulatory momentum in some jurisdictions contrasts with declining listing activity in others, and market conditions vary significantly by country and asset class.
The extent to which South Korea's listing decline reflects broader market sentiment, regulatory tightening, or cyclical factors remains unclear. Similarly, the durability of India's USDT premium and the near-term impact of new regulatory frameworks in Taiwan and the Philippines on trading volumes and institutional participation have not yet been detailed.