Cryptocurrency adoption in Asia
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This Week In Crypto Asia: WazirX Resumes Operations, Asian Exchanges Push Back On BTC Hoarding, Cambodian Crypto Overlord Gets Sanctioned
Yahoo Finance· 2025-10-26 10:00
Core Insights - The Asian crypto landscape has significantly evolved since 2025, moving from an experimental phase to increased adoption driven by clearer policy frameworks [1] - Countries like India, South Korea, Japan, and Vietnam are leading in trading volumes, institutional investments, and retail participation [1] Company Developments - WazirX, an Indian exchange, is set to resume operations on 24 October 2025 after receiving permission from the High Court of Singapore following a successful restructuring process [3] - WazirX is offering zero trading fees across all pairs to enhance platform usage and facilitate trading for users [4] - The exchange has partnered with BitGo to enhance security measures, ensuring funds are protected with insured, institutional-grade safeguards [5] - WazirX's founder emphasized the mission to make crypto accessible to every Indian, marking the resumption of operations as a reinforcement of the company's integrity [6] - The exchange plans to distribute tokens to creditors within 10 business days and issue Recovery Tokens to settle outstanding claims [7] Industry Trends - Major Asian stock exchanges are pushing back against publicly listed crypto treasury companies, with HKEX blocking five companies from becoming Digital Asset Treasuries based on rulings regarding liquid asset limits [7]