... Asia: Asian countries are striving to strengthen their jurisdictions' status as crypto-friendly hubs. Hong Kong has introduced a mandatory licensing regime for cryptocurrency exchanges and is already issuing the first licenses for retail trading of digital assets; moreover, a comprehensive stablecoin law has been enacted (coming into effect in August 2025), attracting new market participants to Hong Kong. Singapore maintains a strict yet clear regulatory framework: a combination of stringent requirements with support for the blockchain industry and ...

... countries are striving to strengthen the status of their jurisdictions as crypto-friendly hubs. For instance, Hong Kong has introduced a mandatory licensing regime for cryptocurrency exchanges and is already issuing the first licenses for retail trading of digital assets. A comprehensive stablecoin law has also been passed (effective August 2025), drawing new market participants to Hong Kong. Singapore maintains a strict yet clear regulatory framework: a combination of stringent requirements and government support for the blockchain industry stimulates ...

... analyze all the key details and possible consequences in our article. Tax Amendments for Mining in Russia: What Changes for the Cryptocurrency Sector and Investors On November 15, 2024, the Russian government approved a draft amendment to the federal law regulating the taxation of mining and operations with digital assets. These changes represent a significant step in the development of the legal framework for mining in Russia, aiming to legalize and streamline taxation in this sector. Below, we will explore the key aspects of the amendments and analyze their impact ...

... interests of market participants. Legalization of Mining and New Requirements for Participants Russian authorities have already taken steps to legalize the cryptocurrency sector, primarily in the mining sphere. As of November 1, 2024, provisions of the law on digital financial assets came into effect, which require all companies and individual entrepreneurs engaged in cryptocurrency mining to register in a special FTS registry. For individuals, such a requirement does not apply if they mine in domestic conditions and consume ...

... setting the tone in the relationship between the crypto industry and the government. Kyrgyzstan: Digitalization of the Economy and Status of a Fintech Hub in Central Asia For Kyrgyzstan, the alliance with Binance is part of a large-scale strategy for digitalization and economic development. The country has already taken steps to create a favorable legal framework: back in 2022, the law "On Virtual Assets" was adopted, laying the foundation for the legal issuance and circulation of cryptocurrencies. In April 2025, President Sadyr Japarov signed amendments allowing the launch of a pilot project for a digital som (its own CBDC, central bank digital ...