This week’s top crypto developments in Asia highlight rapid growth alongside increasing regulatory control. Iran’s crypto ecosystem has reached $7.78 billion, with significant activity linked to state-affiliated entities and heavy use of USDT for trade and monetary stability.

In Russia, President Vladimir Putin signed a law allowing authorities to seize digital assets in criminal investigations, signaling stronger legal oversight.

South Korea’s central bank, the Bank of Korea, emphasized that commercial banks should lead stablecoin issuance to protect monetary policy. Meanwhile, a local investigation accidentally exposed a seized wallet’s seed phrase, resulting in a $4.8 million loss.

In Japan, the Financial Services Agency is supporting AML testing for digital assets. The country’s largest security token platform migrated over $2 billion in tokenized assets to Avalanche. Additionally, Daido Tokushu Metal approved a Bitcoin purchase worth up to ¥1 billion for treasury diversification.

In China, the Supreme People’s Court is studying legal frameworks for handling crypto-related cases, while B2B stablecoin liquidity surged over 700% year-over-year.

Finally, delays in KRW stablecoin regulation have allowed global issuers like Tether and Circle to accelerate expansion in the Korean market.

Overall, Asia’s crypto landscape is expanding rapidly, but governments are moving decisively to shape regulation, asset control, and stablecoin oversight.