This Week In Crypto Asia: Metaplanet Bets On South Korea, Binance Cooperates With India’s FIU

by Alison Buckland
by Alison Buckland


Latest developments paint a fancy image of crypto in Asia, the place, on one hand, established companies are doubling down on regulated digital belongings, whereas regulation enforcement businesses grapple with surging wrench assaults and felony misuse of cryptocurrencies.

Metaplanet Acquired South Korea’s SGA To Strengthen Its Bitcoin Technique

The Japanese Bitcoin Treasury agency, Metaplanet, has acquired a controlling stake within the South Korean publicly listed software program firm, SGA. If finalised, SGA would be capable to purchase Bitcoins as a part of a broader digital technique.

In response to an article published on 15 July 2025, the corporate’s CEO, Simon Gerovich, entered right into a consortium with Hong Kong-based Moon Inc., Bangkok’s Kliff Capital, Taipei’s crypto-focused enterprise capital agency, Sora Ventures and UTXO Administration, a Bitcoin-focused funding and advisory agency, to advance its Bitcoin accumulation marketing campaign in Asia.

Though Gerovich is listed as an impartial investor, this transfer aligns with Metaplanet’s Bitcoin accumulation technique by remodeling conventional firms into Bitcoin-linked entities after which additional utilizing them as automobiles for Bitcoin publicity in regional capital markets.

Whereas each the SGA board and Korea’s Monetary Companies Fee have signed off on the issuance of 58 million shares to the consortium, the ultimate settlement continues to be pending.

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Crypto In Asia Faces Safety Disaster As Wrench Assaults And Bitcoin Thefts Rise

In response to a latest report printed by Chainalysis on 17 July 2025, wrench assaults focusing on crypto holders have surged within the APAC area in 2025. In comparison with 2021, the earlier worst yr for such instances, assaults have practically doubled, with 35 instances reported thus far.

Furthermore, these are usually not siloed occasions. The APAC area is witnessing wrench assaults in addition to a wave of crypto thefts, with over $2.17 billion stolen from crypto platforms within the first half of 2025, exceeding 2024’s complete.

Retail pockets thefts account for practically 25% of stolen funds in 2025, hitting Japan, Indonesia, South Korea, and the Philippines the toughest. Criminals particularly goal Bitcoin holders as they chase giant pockets yields.

A surge in crypto inflows has led to felony teams exploiting the asset class’s nameless nature and liquidity by finishing up kidnappings, residence invasions, extortions and assaults for ransom.

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Indian FIU Probing Binance Over Cross-Border Terror Financing

India’s Monetary Intelligence Unit (FIU) is actively coordinating with Binance to establish personal wallets in India, notably in delicate areas like Jammu and Kashmir, that could possibly be receiving cryptocurrencies from Pakistan.

As reported by an area publication on 15 July 2025, the FIU believes that people are utilizing these privately held wallets as a funding supply to hold out unlawful actions, in addition to terror financing in India.

Since these wallets don’t tie to centralised exchanges, authorities discover it tough to watch and hint them.

As per the publication, investigators are probing Binance on this matter since it’s the most used alternate within the area for cross-border crypto transactions.

An official was quoted by the publication stating, “Binance has been cooperating with FIU and in latest months, as crypto transactions between J&Okay (Jammu and Kashmir) and border areas of Pakistan have elevated, we suspect a few of these can be linked to financing terror.”

This follows the alternate resuming its operations in India after settling a $2.25 million penalty to revive FIU compliance after its suspension in December 2023.

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VCI World Strengthens Crypto In Asia With Regulated Bitcoin Funding Car

Malaysia-based diversified holdings firm, VCI World, on 15 July 2025, acquired V Capital Fund Administration, one other Malaysian firm, to supply Bitcoin funding choices for institutional and high-net-worth traders in Asia.

The VCIG Bitcoin Fund, launched by Labuan’s (a federal territory of Malaysia) internationally recognised offshore monetary centre, presents a versatile regulatory atmosphere together with sturdy anti-money laundering (AML) and Know Your Buyer (KYC) compliance and tax benefits.

The transfer displays an trade pattern of a broader adoption of digital belongings by established monetary companies, bridging conventional finance with digital belongings.

Since regulated crypto funding choices in Asia stay restricted, the VCIG Bitcoin Fund goals to enhance the area’s crypto infrastructure. The fund goals to spice up liquidity, improve custody options, and entice participation from a wider array of family-run places of work and institutional asset managers.

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Key Takeaways

  • Metaplanet entered right into a consortium with Moon Inc., Kliff Capita, Sora Ventures and UTXO Administration to additional its Bitcoin accumulation technique in Asia
  • Wrench assaults have doubled within the APAC area in comparison with 2021 figures, with 35 instances reported thus far
  • India’s FIU is probing Binance relating to suspicious cross-border crypto transfers to personal wallets
  • VCI World launched the VCIG Bitcoin Fund to supply funding choices to institutional and high-net-worth traders in Asia

The submit This Week In Crypto Asia: Metaplanet Bets On South Korea, Binance Cooperates With India’s FIU appeared first on 99Bitcoins.





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