This week saw significant developments across Asia’s cryptocurrency sector. Hong Kong is set to issue its first stablecoin licenses in early 2026, with a focus on HKD-pegged tokens. A major $7.4 billion Bitcoin fraud case in the UK has resulted in a record conviction of a Chinese national, highlighting the continued risks within the digital asset space. Thailand and Kazakhstan are advancing their crypto ambitions through ETFs and funds, while Qatar National Bank embraces real-time payments using JPMorgan’s blockchain technology. The week offers a glimpse into Asia’s evolving financial landscape where government initiatives, regulatory actions, and institutional investment play crucial roles.