Asia's weekly crypto roundup covers Russia's digital currency law, Japan's new FSA crypto division, Tokyo Stock Exchange review plans, Bithumb's 2028 IPO target, and Dunamu's police custody contract win.
Regulation & Gov ·
Russia has enacted legislation governing digital currency, establishing a framework that includes phased implementation, licensing requirements, and plans for a custody platform at the Moscow Exchange. Meanwhile, Japan's Financial Services Agency established a dedicated division focused on crypto and stablecoin oversight, and the Tokyo Stock Exchange announced plans to conduct fresh reviews for companies undergoing significant business changes. In South Korea, Dunamu secured a contract to provide crypto custody services for the nation's police, while Bithumb targets an initial public offering in 2028.
The regulatory moves in Russia and Japan reflect growing state attention to digital asset infrastructure, with Russia's phased approach suggesting a gradual integration of digital currency into existing financial systems. Japan's dedicated regulator division signals heightened focus on managing risks tied to stablecoins and cryptocurrency expansion. Bithumb's IPO timeline and Dunamu's police custody win underscore institutional adoption momentum in South Korea's crypto ecosystem.
Several details remain unclear: the specific timeline and scope of Russia's digital currency rollout, the enforcement mechanisms for licensing, the criteria the Tokyo Stock Exchange will apply in its reviews, and the terms of Dunamu's police custody arrangement.