Regulatory Momentum Sweeps Asia as Russia, Japan, and South Korea Advance Crypto Frameworks

While Washington remains stuck in legislative tug-of-war over a landmark crypto bill, half a world away the regulatory machine is moving with surprising speed.

A weekly Asia crypto roundup from WuBlockchain, the original report, captures the latest pace of change: new legal structures in Russia, dedicated oversight bodies in Japan, and a pipeline of exchange-driven capital market ambitions in South Korea.

The contrast with the US—where banking groups are trying to kill the biggest crypto bill in American history just days before a Senate vote, as our coverage explores—is getting harder to ignore. Russia’s move stands out most immediately.

President Vladimir Putin signed the country’s digital currency law, formalizing a legal framework that had been under discussion for months.