Asian Crypto Landscape This Week: India Conducts Audits, Japan Supports Growth, Vietnam Launches Crypto Exchange
The momentum for cryptocurrency in Asia is rapidly increasing. Regulatory bodies are becoming more receptive to exchanges, while banks and fintech companies are investigating tokenization. The entire region is shaping up as a significant arena for digital assets.
Here’s a summary of what happened recently in the Asian crypto scene.
Vietnam Prepares for Its First Crypto Exchange Launch
In recent years, Vietnam has positioned itself as a rising hub for crypto enthusiasts within Asia.
The nation has recently approved a pilot initiative for cryptocurrency exchanges following Resolution 05/2025, which sets a framework for regulating a crypto trading market over the next five years.
The framework requires firms to possess a minimum capital of $68M (VND 10 trillion) and stipulates that 65% of ownership must be by institutions, while banks, securities firms, insurers, or tech companies will own the remaining 35%.
This has triggered a surge of activity among financial institutions.
Vietnam embarks on its crypto journey!
The country is launching its inaugural regulated cryptocurrency exchange, with Upbit leading the initiative.
A significant advancement under Resolution 05/2025, setting the stage for a more robust blockchain ecosystem.#CryptoNews #Vietnam #Blockchain #Upbit pic.twitter.com/Bcepktp4OD— Blackcroww (@blackcroww_com) September 15, 2025
Vietnamese firms such as SSI Securities introduced SSI Digital Corporation in strategic alliance with Tether, U2U Platform, and AWS to develop blockchain infrastructure domestically.
Other securities firms, including Techcom Securities (TCBS), established TCEX, increasing its capital from $20M to $690M, while VIX Securities launched VIXEX, scaling up from $1M to $6.8M.
Additionally, banking institutions in Vietnam are also taking part. The country’s MB Bank partnered with Korea’s Dunamu Group, which operates Upbit, to support technology integration and crypto law.
15:10 | 13/08/2025In Vietnam, Military Commercial Joint Stock Bank (MB Bank) has finalized a Memorandum of Understanding (MOU) with Dunamu Inc. – the owner and… pic.twitter.com/6AbxgFQMhW
— JoJo-π (@jojo102102) August 14, 2025
Furthermore, VPBank is setting up a tokenized asset trading network via VPBank Securities, which is also gearing up for an IPO.
While initial indications suggest institutional progress, the success of the program hinges on how effectively Vietnam can balance innovation with safeguarding investors and regulatory oversight.
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India’s FIU Mandates Cybersecurity Audits for Crypto Firms
India’s Financial Intelligence Unit (FIU) has announced a directive requiring all crypto asset service providers in the country to complete mandatory cybersecurity audits.
As per a report released by a local media outlet on September 17, 2025, the FIU seeks to enhance its oversight of digital assets through this initiative.
The directive also ensures compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
Additionally, it requires that government-certified auditors carry out these audits, with firms expected to submit their reports to the FIU within a specified timeframe.
The Economic Times notes that all Indian cryptocurrency exchanges are now required to undergo audits by CERT-In registered cybersecurity firms — a prerequisite for FIU registration under AML regulations.
•Govt-approved… pic.twitter.com/pSi44B9n8j— Ganraj K (@Ganrraj) September 17, 2025
This directive encompasses both offshore and domestic entities within the country, including exchanges, custodians, and crypto wallet providers.
This follows previous FIU enforcement measures, which included show-cause notices and website blocks aimed at non-compliant offshore platforms.
While some legal professionals view this development favorably for user protection, it raises concerns about traditional financial auditors’ ability to manage risks unique to the crypto landscape.
Meanwhile, the crypto sector in India continues to face challenges like high tax rates and a lack of regulatory clarity.
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Japan’s Credit Saison Supports Expansion into the US Market
Credit Saison, the third-largest credit card issuer in Japan, has inaugurated Onigiri Capital, a $50 million blockchain-focused fund aimed at supporting US-based startups working with real-world asset (RWA) applications.
The fund is managed by its venture arm Saison Capital and has already secured $35M, targeting a total of $50M.
Saison Capital, the venture arm of Japan’s Credit Saison Co., Ltd., has announced the creation of a blockchain-specific investment fund known as Onigiri Capital. The fund aims for an initial target size of $50 million and has already gained commitments totaling $35… pic.twitter.com/SjZzNdDnfF
— Norbert Gehrke (@norbertgehrke) September 16, 2025
Onigiri Capital targets early-stage businesses developing payment solutions, tokenization platforms, stablecoins, and decentralized financial systems. Specifically, it aims to connect US developers with Asian markets.
Fund managers emphasized that many US entities face challenges in navigating the regulatory and institutional intricacies of the Asian crypto environment.
Highlighting Asia’s growing significance in distributed database finance, Onigiri Capital provides access to local networks across Japan, Singapore, Indonesia, Korea, Malaysia, and the Philippines.
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Key Takeaways
- Vietnam has initiated a pilot program for crypto asset exchanges as per Resolution 05/2025
- India requires all crypto service providers in the nation to complete cybersecurity audits
- Japan’s Credit Saison has launched a $50M fund to price floor US expansion within the Asian cryptocurrency landscape
The post Asian Crypto Landscape This Week: India Audits, Japan Facilitates Expansion, Vietnam Debuts Crypto Exchange appeared first on 99Bitcoins.
