In at present’s rendition of our weekly crypto Asia information bulletin, we focus on key developments within the crypto Asian panorama with particular emphasis on developments in India, Japan, and South Korea that might have a significant world impression.
Listed here are the largest headlines from this week.
Crypto Information Asia: India To Debut Its Rupee-Backed Stablecoin In Q1 2026
India is getting ready to launch its very personal Rupee-backed stablecoin someday in Q1 2026. Polygon, an Ethereum infra firm, and Anq, an Indian fintech firm, are growing the token, known as the Asset Reserve Certificates (ARC).
Issuers will again every ARC token 1:1 with the Indian Rupee, making certain transparency and safety. Additional, it will work in tandem with the Reserve Financial institution of India’s (RBI) CBDC.
RBI’s CBDC goals to deal with last settlements with the safety of India’s financial system in thoughts. Then again, ARC serves as a private-sector layer that helps sensible funds, programmable transactions, and remittances.
BREAKING
India launches its FIRST stablecoin, ARC
Totally backed 1:1 by the Indian authorities treasuries.
A brand new period for digital rupee stability begins.
pic.twitter.com/fBGdIN6A6z
— Bitinning (@bitinning) November 5, 2025
Moreover, ARC will comply with India’s partial foreign money convertibility guidelines. Whereas the Rupee could be freely used for commerce and enterprise, it can’t be used for unrestricted investments overseas.
Solely Enterprise accounts will mint ARC tokens and should keep compliance with India’s overseas trade legal guidelines. To stop misuse, ARC will use Uniswap v4’s tech to verify tokens can solely be swapped by authorised customers.
The objective of the stablecoin is to maintain cash and innovation inside India’s economic system moderately than letting it circulate into dollar-backed stablecoins.
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India Uncovers $62M Crypto Laundering Community Throughout 27 Exchanges
The Indian Ministry of Residence Affairs (MHA) has uncovered what may very well be the nation’s largest crypto cash laundering case involving round ₹623 crore (approx. $62 million) throughout 27 crypto exchanges.
In accordance with a neighborhood publication, investigators on this case imagine Chinese language-controlled entities to be behind this rip-off. They use faux mortgage apps to extort cash from Indian residents after which convert these funds to crypto earlier than transferring them overseas.
Crypto exchanges resembling Coin DCX, WazirX, Giottus, ZebPay, Mudrex, and CoinSwitch have been flagged by the MHA as channels utilized by cyber criminals to launder cash.
27 Indian crypto exchanges concerned in Rs 623 crore cash laundering scandal, I4C discovered. Investigation highlights crypto's position in illicit funds switch.
Obtain Fynx App: https://t.co/YRuRkMtizq
#Crypto #India #MoneyLaundering #Scandal pic.twitter.com/eLOdSgibC0
— FYNX | Crypto Information App (@Fynx_Crypto) November 19, 2025
The rip-off concerned hawala-style transactions, shell firms, and cross-border transfers, which the Enforcement Directorate (ED) and the Delhi Police are investigating in the mean time.
Moreover, authorities discovered that a number of exchanges didn’t correctly conduct KYC (Know Your Buyer) procedures, which allowed suspicious actions to go unchecked.
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Japan Slashes Crypto Tax To twenty%, Classifies Bitcoin As A Monetary Product
Japan’s Monetary Providers Company (FSA) has educated its eyes on a significant regulatory reimagination. It plans to reclassify 105 cryptocurrencies, together with Bitcoin (BTC) and Ethereum (ETH), as monetary merchandise below the Monetary Devices and Change Act (FIEA).
That means, main exchanges might want to comply with stricter guidelines, much like authorities securities, together with detailed disclosures about every token, reporting necessities, and market surveillance.
Additionally, for the primary time, insider buying and selling guidelines will apply to cryptocurrency in the identical approach they apply to conventional finance, like shares or bonds.
JUST IN:
Japan is proposing to chop tax on #Bitcoin positive factors from ~55% down to twenty%
pic.twitter.com/rKViKMBt2O
— Swan (@Swan) March 10, 2025
Along with this reclassification, the nation is pushing to slash its crypto tax from a excessive of 55% to a flat 20%. As of proper now, Japan treats crypto income as “miscellaneous revenue,” which might closely burden high-earning merchants.
The brand new taxation construction will apply to each people and establishments.
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South Korea’s Largest Change Offered To Naver
South Korean tech big Naver is reportedly buying Dunamu, the father or mother agency of Upbit, by means of a inventory swap deal managed by Naver Monetary. This brings collectively the nation’s largest tech agency and the most important trade in a bid to vary the monetary panorama within the nation.
Throughout an upcoming board assembly, each firms will finalize the deal and make sure the transaction. As soon as full, Naver will combine Dunamu’s crypto experience with its personal digital funds, which already processes practically ₩80 trillion (about $58 billion) yearly.
<Naver and Upbit, a Story of Management Change>
At Token2049 Singapore, one query saved developing from overseas attendees. “So, Naver acquired Upbit. Is that like Binance shopping for CoinMarketCap?”
At first look, it’d look comparable, an enormous platform shopping for a crypto firm. However… pic.twitter.com/6MPlkw2Atf
— Professor Jo (@0xProfessorJo) October 5, 2025
Trying past this acquisition, Naver and Dunamu plan to launch a Received-backed stablecoin to place themselves as leaders within the South Korean fintech area.
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Key Takeaways
India plans rupee-backed stablecoin ARC to strengthen home liquidity and innovation
Japan cuts crypto tax to twenty% and classifies Bitcoin as a monetary product
Naver acquires Upbit, signaling main consolidation in South Korea’s crypto and fintech sector
The put up Crypto Information Asia: India To Launch Rupee-Backed Stablecoin, Japan Rewrites Crypto Tax Guidelines, South Korea’s Upbit Offered To Naver appeared first on 99Bitcoins.
