Following the $6.3 billion attack on Binance, South Korea’s regulator urged exchanges to increase the proportion of assets held in offline wallets, despite a legal requirement to keep 80% of customers’ funds in cold storage. The Bank of Korea is surveying 31 institutions on the impact of a major exchange shutdown, a prolonged market downturn or losses linked to cryptocurrencies. Hong Kong expanded its continuous settlement program for tokenized transactions, while Thailand filed a complaint against exchange operator Bitget for allegedly operating without a licence and Japan marked the first anniversary of the JPYC stablecoin. In Australia, the Reserve Bank raised its benchmark rate by 25 basis points to 4.85% and delayed its inflation forecast until late 2027, while tax changes on crypto gains have prompted some investors to leave the country.
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