Japan's SBI Crypto shuts down 12th largest Bitcoin mining pool in the world, Russia gears up to launch digital ruble despite EU sanctions, and more: Asia Express. The Indian central bank reportedly urged lawmakers to keep banks insulated from crypto and private stablecoins while preserving room for regulated tokenization. According to a report by The Economic Times, RBI Deputy Governor Rohit Jain and Executive Director P. Vasudevan presented the central bank’s position to the Parliamentary Standing Committee on Finance on Thursday. In a background note submitted to the panel, the RBI reportedly said prohibition remained a recognized policy option and recommended preventing the use of crypto in payments and settlements while restricting banking-sector exposure. Read more
Taiwan’s legislative branch has passed the nation’s first crypto and stablecoin rules, which aim to integrate the country with the global crypto market. Taiwanese lawmakers on Tuesday passed a law to establish a regulatory framework for crypto, which includes licensing and rules for stablecoins. Taiwan's financial watchdog, the Financial Supervisory Commission (FSC), said that the Legislative Yuan passed the law requiring all virtual asset service providers, or VASPs, to get approval from the regulator to operate. The law also says stablecoins issued in Taiwan must get approval from the central bank and the FSC, and issuers must maintain sufficient reserves with a trustee and undergo regular audits. Read more
A Taiwan-issued stablecoin pegged to either the country’s dollar or the US dollar could enter the market in the second half of 2026 based on related legislation. Taiwan could see its first stablecoin launched as early as the second half of 2026 as lawmakers advance new rules for digital assets, according to one of the country’s financial regulators. According to a Focus Taiwan report on Wednesday, Financial Supervisory Commission (FSC) Chair Peng Jin-lon said that, based on the timeline for passing related legislation, a Taiwan-issued stablecoin could enter the market in the second half of 2026. Should the Virtual Assets Service Act pass in the country’s next legislative session, and accounting for a six-month buffer period for the law to take effect, it would lay the groundwork for the launch of a Taiwanese stablecoin. Read more
Taiwan’s central bank studying Bitcoin’s inclusion in national reserve, Sony launches DeFi super app for its Ethereum layer 2. Asia Express. Taiwans government will complete an inventory by year-end detailing how much Bitcoin it currently holds through confiscations, Premier Cho Jung-tai said Tuesday during a finance committee. The central bank will also deliver a formal assessment on whether Bitcoin should be considered as part of Taiwans national reserves. The move comes as lawmakers press the government to clarify how seized crypto is handled and whether Taiwan should follow a growing global trend of treating Bitcoin as a strategic reserve. Read more
Taiwan’s central bank studying Bitcoin’s inclusion in national reserve, Sony launches DeFi super app for its Ethereum layer 2. Asia Express. Taiwans government will complete an inventory by year-end detailing how much Bitcoin it currently holds through confiscations, Premier Cho Jung-tai said Tuesday during a finance committee. The central bank will also deliver a formal assessment on whether Bitcoin should be considered as part of Taiwans national reserves. The move comes as lawmakers press the government to clarify how seized crypto is handled and whether Taiwan should follow a growing global trend of treating Bitcoin as a strategic reserve. Read more
Top Win International, Taiwan’s first publicly traded corporate Bitcoin treasury, raised $10 million to kick off its BTC purchases. Taiwan’s first publicly traded corporate Bitcoin treasury, Top Win International, raised $10 million to kickstart its BTC accumulation efforts. The luxury watchmaker-turned-Bitcoin treasury announced Friday it raised $10 million from a group of investors led by zipper producer and software company WiseLink. The raise was accompanied by private investments from Chad Koehn, founder and CEO of United Capital Management of Kansas, alongside four other investors. WiseLink purchased three-year convertible notes issued by Top Win. The investment followed a memorandum of understanding between the two companies outlining a yet-to-be-disclosed collaboration. Read more
Taiwan legislator Ko Ju-Chun proposed allocating a small percentage of the Taiwanese reserves to Bitcoin as part of the diversified reserve strategy. Taiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty. Ko, a legislator at-large in Taiwan’s legislative body, the Legislative Yuan, took to X on Friday to report that he had advocated Bitcoin (BTC) investment by the Taiwanese government at the National Conference on May 9. In his remarks, Ko cited Bitcoin’s potential to become a hedge amid global economic risks and urged Taiwan to recognize the cryptocurrency alongside gold and foreign exchange reserves to boost its financial resilience. Read more