Asia's weekly TOP10 crypto news: Dubai App Bug Steals Crypto Assets, Uzbekistan Builds Six Crypto Mines and Russia Expands Crypto Mortgages and Top10 News

1. Japan’s FSA Warns Against Overseas Single‑Stock Leveraged ETF Sales, Deems Them Contrary to Public Interest link

Japan’s Financial Services Agency (FSA) revised its Q&A guidelines for financial‑instruments business on August 27. It explicitly states that selling overseas‑listed leveraged ETFs tracking Japanese individual stocks within Japan is “inappropriate from a public‑interest perspective”. The move aims to curb the de‑facto distribution of products not approved in Japan, and prevent excessive capital concentration that could distort pricing of specific stocks and trigger sharp market swings. Japan does not yet permit the listing of single‑stock leveraged ETFs. Previously, market participants were concerned that overseas issuances of such products might be sold back into Japan via the “foreign investment trust” channel.

2. Five Vietnamese Firms Pass Initial Crypto Exchange Assessment; No Licenses Yet Issued link

According to Vietnam News Agency, Vietnam has yet to issue its first crypto‑asset exchange license, though five firms have passed the first‑round evaluation. They must next meet Level‑4 information‑system security requirements and deploy minimum capital of 10 trillion Vietnamese dong (approximately $383 million). Meanwhile, new regulations imposing penalties for crypto‑asset‑market violations will take effect on September 1. Experts cited in the report note domestic investors will not face immediate penalties for using unlicensed platforms upon the effective date. Under the current pilot framework, domestic investors are required to trade solely via licensed platforms only six months after the Ministry of Finance grants the first service‑provider license.