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Gate Square New & Returning Creator Rewards are ongoing!
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This Week in Asia: Changes in Cryptocurrency Policy in Key Countries
The Asian cryptocurrency market continues to witness significant policy changes. In Russia, the clear stance remains unchanged - digital currency will not be accepted as an official payment tool, reflecting a conservative position towards digital assets in financial transactions.
In contrast, Japan is showing a more open attitude. The policymakers in this country have just decided to postpone the planned tax reforms related to cryptocurrencies until 2028, while actively researching and developing a stablecoin backed by the Japanese yen. This move aims to integrate digital assets into the current financial framework.
In India - a rapidly growing cryptocurrency market in Asia - a country has received legal approval allowing an international exchange to expand its operations through an investment in CoinDCX. This event is seen as a significant sign of increasing recognition for local cryptocurrency platforms in this region.
Additionally, Norway’s sovereign wealth fund has recently publicly supported Metaplanet’s Bitcoin accumulation strategy, indicating growing interest from major institutional investors in these digital assets.