Asia's weekly TOP10 crypto news: HK‑Licensed Stablecoin Faces Multi‑Risks, Cambodia Drafts Digital‑Asset Legislation and Top10 News

Some Russian banks serving import‑export enterprises have begun to require corporate clients to state the economic purpose of USDT purchases and verify whether counterparties are listed in the Central Bank of Russia’s register of digital‑currency exchange operators. However, the register system will only be established when new regulations take effect on September 1, making such verification practically impossible at present. Sovcombank has confirmed that it is requesting supplementary relevant information from some of its clients.

5. Kazakhstan Mints 7,200 BTC Over Three‑Plus Years With Over 465,000 Registered Mining Rigs link

Kazakhstan’s Ministry of Artificial Intelligence and Digital Development stated that from early 2023 to May 2026, local licensed mining companies and mining pools collectively mined approximately 7,200 BTC. Output peaked in 2024 at around 3,400 BTC, followed by 2,300 BTC in 2025 and 519.5 BTC in the first five months of 2026. There are currently 78 licensed mining operators nationwide with over 465,000 registered mining rigs. Mining‑related tax revenue between 2023 and 2025 totalled roughly 350 billion tenge, equivalent to about 75 million US dollars.

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6. Cambodia to Form Inter‑Agency Task Force for Drafting Virtual and Digital Asset Management Legislation link

Cambodian Prime Minister Hun Manet signed a decision on July 8, which was made public on August 10, announcing the establishment of an inter‑agency working group tasked with preparing and drafting the virtual‑asset/digital‑asset management law and related legal instruments. Composed of 26 members, the working group is co‑chaired by the Secretary of State of the Ministry of Economy and Finance and the Deputy Governor of the National Bank of Cambodia (NBC). Its core mandates are to study relevant laws, regulations and domestic and international best practices, and formulate plans for comprehensive and effective legislative implementation, so as to regulate the country’s growing digital‑asset sector, clarify qualification requirements for service providers, and set up investor‑protection mechanisms.

7. Court in Pingba District, Anshun, Guizhou Convicts Defendant in Fake Crypto Airdrop Fraud; Sentenced to Seven Months’ Imprisonment link

The Pingba District People’s Court of Anshun City, Guizhou Province, has recently heard and handed down a verdict in a fraud case disguised as a virtual‑currency airdrop project. According to case details, the defendant Zhao lured the victim Zhang, who had suffered heavy investment losses, to put the remaining funds in his account into an “airdrop project” on an App with promises of capital preservation and high returns. Zhao pledged returns of 100 to 200 U‑coins within two days and falsely claimed that the investment funds would be transferred to a “public chain”. Believing the lies, Zhang converted 1757 US dollars into Ethereum and completed the transfer through a wallet link provided by Zhao. In fact, the link pointed to a personal account registered by Zhao under his girlfriend’s identity. After failing to recover the money despite repeated demands, Zhang reported the case to the police. The court held that Zhao defrauded others’ property by concealing facts and the amount was relatively large, which constituted fraud. Given his truthful confession after being brought in, full restitution and voluntary guilty plea and acceptance of punishment, Zhao was sentenced to seven months in prison and a fine of 5000 yuan in accordance with the law.

8. Southeast Asian Scam and Kidnapping Gangs Allegedly Relocate to Malaysia; Staff From Multiple Crypto Exchanges Operate On‑Site link

Two recent cases involving Chinese nationals have taken place in Malaysia. Police busted two telecom‑fraud syndicates in Country Garden Forest City, Johor state, arresting over 300 suspects, approximately 95 percent of whom are Chinese nationals. In a separate case, a 73‑year‑old Singaporean man was lured to Malaysia and kidnapped. During the rescue operation, Malaysian police exchanged gunfire with armed suspects, killing two non‑Malaysian suspects. The Singaporean victim and another Chinese woman were rescued, while one Malaysian national and several Chinese gang members were apprehended. Notably, employees of multiple cryptocurrency exchanges are currently operating from physical offices in Malaysia.

9. Tokyo‑Listed Metaplanet Securities Launches Private Placement for First Tranche of Its BitBonds Program link

Metaplanet has launched BitBonds, its new ongoing bond issuance program, and completed the issuance and settlement of its first private placement bonds (21st to 24th unsecured straight bonds). The total issuance size stands at approximately 200 million Japanese yen across four series, with a roughly three‑year maturity and interest rates ranging from 4.0 % to 4.3 %. The issue date was August 13, 2026. Representing the first business linkage between Metaplanet Group’s balance sheet as a Bitcoin‑treasury enterprise and its sales channel for primary financial instruments, the offering aims to provide yen‑denominated yield product alternatives for retail and institutional investors.

10. Deribit Secures Dubai VARA Broker‑Dealer License; Spot Orders to Be Routed to Coinbase Exchange link

Deribit, Coinbase‑owned crypto‑options platform, announced that it has obtained the Broker‑Dealer Licence issued by Dubai’s Virtual Assets Regulatory Authority (VARA). With this licence, Deribit’s spot trading service has undergone a major upgrade: spot buy, sell and trade orders submitted by users on Deribit will be directly routed to Coinbase Exchange for execution, delivering deeper liquidity support and hundreds of new assets for clients. Furthermore, assets acquired via the upgraded spot platform may serve as collateral for derivatives trading on Deribit upon obtaining regulatory approval.