Crypto in Asia Reshaped By Trump-Linked WLFI Deal, India’s Security Crackdown, UAE’s Tax Pact, And Japan’s Adoption Boom

Group 1: Crypto Partnerships and Developments - Bithumb, a South Korean crypto exchange, has partnered with World Liberty Financial (WLF), a firm linked to former US President Trump, to support the growth of decentralized finance (DeFi) globally [2][3] - The partnership aims to explore business opportunities in the DeFi space and enhance Bithumb's global competitiveness, as stated by Bithumb CEO Lee Jae-won [3][4] - A memorandum of understanding (MoU) was signed at Bithumb's headquarters in Seoul, with senior leaders from both companies present [3] Group 2: Regulatory Changes in India - The Reserve Bank of India (RBI) has introduced new rules to enhance the security of digital payments in response to rising fraud cases, mandating stricter authentication for all digital transactions [5][6] - The updated framework requires at least one dynamic security check, such as a one-time password, biometric scan, or hardware token, to be implemented by banks and payment companies by 1 April 2025 [6] - All authentication methods must comply with India's Digital Personal Data Protection Act, 2023, and function smoothly across devices and platforms [7]