Dubai’s Virtual Assets Regulatory Authority granted its 50th virtual asset service provider license to Tribe Tokenisation FZE. The move places Dubai ahead of Hong Kong and Singapore in total license counts. Asia’s crypto markets are developing divergent regulatory frameworks. Taiwan passed a law that requires virtual asset service providers to obtain approval from the Financial Supervisory Commission and stablecoin issuers to secure approval from the central bank and the FSC, while maintaining reserve holdings with a trustee and undergoing regular audits. India’s Reserve Bank of India urged banks to avoid direct crypto exposure and warned that applying standard financial rules to speculative assets could mislead users about protection, though it said it supports regulated tokenization of government securities. Russia plans to launch its digital ruble on September 1, with central bank governor Elvira Nabiullina saying the system is ready. Japan’s SBI Crypto will close its Bitcoin mining pool on July 31 after five years. Metaplanet bought 2,823 BTC in the second quarter, raising its holdings to 43,000 BTC, while K Wave Media sold its remaining 88 BTC to repay $6 million in debt. Bank of Korea governor Hyun Song Shin said tokenizing government bonds could simplify collateral checks and account crediting, and described plans to link tokenized bonds, wholesale CBDCs and tokenized deposits through Project Hangang. Tether froze USDT in 131 TRON wallets linked to ISIS‑K after the U.S. Treasury added identifiers for the group, and Solana Company agreed to support blockchain infrastructure in Alatau City, Kazakhstan.