Everything that happened in crypto news in Asia over the past seven days: Asia Express.
In this edition:
- Boyaa Interactive lines up $70 million crypto treasury expansion
- South Korea may be pushing for a fourth crypto tax delay
- CoinDCX founders questioned in fraud case
- Singapore’s carpool app adopts crypto treasury strategy
- Banks, conglomerates bid for Vietnam’s first licensed crypto exchange
- Bitrefill employee’s laptop hacked by Lazarus Group
- Tax agency seeks help to handle seized crypto
- Animoca bets on Avalanche’s Asia and Middle East expansion
- Japan eyes up to a 10-year prison term for unlicensed crypto sellers
Boyaa Interactive lines up $70 million crypto treasury expansion
Hong Kong-listed Boyaa Interactive is seeking shareholder approval to expand its crypto treasury by up to $70 million over the next year.
The company said it plans to deploy idle cash reserves during market downturns to increase its existing holdings and support Web3 gaming development.
Boyaa currently holds about $285 million in crypto, including more than 4,000 Bitcoin and over 300 Ether.
The proposed purchases would add to its position as one of the largest corporate Bitcoin holders in Asia.
South Korea may see a fourth crypto tax delay
South Korean lawmakers have submitted a proposal to abolish the upcoming crypto income tax rules set to take effect in January 2027.
Lawmaker Song Eon-seok, the floor leader of the opposition People Power Party, said the proposed amendment seeks to eliminate tax on income generated from the transfer or lending of crypto.
Song argued that the US Securities and Exchange Commission’s classification of crypto as commodities raises concerns about applying the same tax framework used for securities.
Further disruption to the tax plan would mark a potential fourth delay. The rules were originally scheduled to take effect in January 2023, but have been postponed three times.
CoinDCX founders questioned in fraud case
Indian crypto exchange CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal have reportedly been questioned by police over an alleged investment fraud.
The case stems from a complaint involving a fake website posing as CoinDCX that allegedly led to investor losses.
The company denied any involvement, calling the complaint false and part of a broader impersonation scheme targeting its brand.
CoinDCX said more than 1,200 websites have impersonated its domain between April 2024 and January 2026.
Singapore’s carpool app adopts crypto treasury strategy
A Singapore-based ride-sharing app has announced a crypto treasury strategy that will allocate a portion of its corporate reserves to Bitcoin.
Ryde began accepting Bitcoin for in-app payments in 2020 and expanded to altcoins in 2022.
Several companies adopted crypto treasury strategies throughout 2025 but have recently faced pressure from falling crypto prices.
February 2026 saw $555 million in monthly crypto treasury inflows, the lowest since October 2024.
Banks, conglomerates bid for Vietnam’s first licensed crypto exchange
Five companies in Vietnam have reportedly joined the race to launch the country’s first licensed crypto exchange.
According to Reuters, the quintet includes affiliates of private banks Techcombank, VPBank and LPBank, alongside stockbroker VIX Securities and conglomerate Sun Group.
Reflecting a broader global regulatory trend, Vietnam is moving to localize crypto trading while phasing out overseas platforms and preparing to bar local users from foreign services.
The Southeast Asian nation began accepting crypto exchange license applications in January after the finance ministry defined crypto assets as property.
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Bitrefill employee’s laptop hacked by Lazarus Group
Crypto e-commerce company Bitrefill said one of its employees was targeted in a cybersecurity attack resembling tactics used by the Lazarus Group, North Korea’s state-backed hacking group.
The company said hackers compromised the employee’s laptop, enabling them to drain funds from its hot wallets…
cointelegraph-magazine.com