Asia's Crypto Policies Evolve as Malaysia Tests Stablecoins and Russia Classifies Crypto as Property

Asian regulators and financial institutions rolled out new digital asset measures this week, with Malaysia piloting ringgit-pegged stablecoins, tokenized deposits and real-world assets under its central bank. Thailand, South Korea and Russia advanced rules on derivatives, market surveillance and the legal status of cryptocurrencies, while Japan, Kyrgyzstan and China expanded blockchain use in settlement, taxation and green power certification.