According to CoinMarketCap, South Korea’s proposed stablecoin legislation has stalled because the Bank of Korea and the Financial Services Commission have not agreed on requirements for issuing stablecoins, source: CoinMarketCap. This impasse keeps issuance rules unresolved and holds back any near-term approvals for regulated KRW-pegged stablecoins, source: CoinMarketCap. For traders, the lack of a defined framework signals continued regulatory uncertainty in Korea’s stablecoin market and delays clarity for potential issuers and exchanges, source: CoinMarketCap.

According to @pedrouid, Japan saw a JPYC launch and a capital gains tax cut to 20% (source: @pedrouid). According to @pedrouid, Hong Kong launched a DAT fund and introduced new stablecoin regulation (source: @pedrouid). According to @pedrouid, South Korea announced tax breaks for ventures and a KRW stablecoin is coming soon (source: @pedrouid). According to @pedrouid, the Philippines proposed a Strategic 10k BTC Reserve bill (source: @pedrouid). According to @pedrouid, Thailand enabled crypto payments for tourists and granted a five-year tax exemption on gains (source: @pedrouid).

According to @jessepollak, there is an active search for compliant, trustworthy issuers of local stablecoins for KRW, JPY, THB, IQD, VND, INR, PKR, MYR, and EGP to make the global economy work for everyone, everywhere. Source: @jessepollak on X, Aug 21, 2025: https://twitter.com/jessepollak/status/1958617904850903364 For traders, this announcement spotlights regional fiat stablecoin rails and liquidity in Asia and MENA, with compliance as the key screening criterion to watch as issuer names and market depth in these currencies emerge. Source: @jessepollak on X, Aug 21, 2025: https://twitter.com/jessepollak/status/1958617904850903364