Japan’s FSA moves to classify crypto as financial products under FIEA
Hong Kong unveils second digital asset policy statement, “Policy 2.0”
UAE’s Aqua 1 fund invests $100 M in Trump‑linked WLFI governance tokens
The Financial Services Agency (FSA) of Japan plans to reclassify crypto assets under the Financial Instruments and Exchange Act (FIEA). This change would categorize cryptocurrencies similarly to securities, allowing products like crypto ETFs to launch under Japan’s legal framework. Alongside this, the government proposes a flat 20% capital gains tax on crypto profits, down from a progressive rate that reaches as high as 55%. This move is expected to drive more retail and institutional participation in the Japanese crypto market.
Hong Kong Launches Digital Asset Policy 2.0
Hong Kong introduced the Digital Asset Development Policy Declaration 2.0 on June 26, solidifying its ambition to become a global Web3 hub. The new “LEAP” framework includes licensing systems for crypto exchanges, stablecoin issuers, and custodians under the Securities and Futures Commission. It also promotes tokenized products like government bonds and ETFs and supports real-world asset (RWA) tokenization. The policy emphasizes regulatory clarity, technological innovation, and talent development, aiming to outpace regional competitors like Singapore.
Asia's weekly TOP10 crypto news (June 23 to June 29): Japan’s FSA Plans to Incorporate Crypto assets into the Financial Instruments and Exchange Act, Hong Kong Government Releases Digital Asset Development Policy Declaration 2.0, UAE Web3 Investment Fund Invests $100 Million to… pic.twitter.com/HsorQV9WeD
— Wu Blockchain (@WuBlockchain) June 29, 2025
UAE Fund Pours $100M into WLFI Tokens
The Aqua 1 Foundation, based in the UAE, has invested $100 million into governance tokens of World Liberty Financial ($WLFI). This move makes Aqua 1 the largest public investor in WLFI, a crypto project linked to the Trump family. Although WLFI tokens are not currently tradable, they offer governance rights and plans for future trading. The investment is part of a broader strategy to expand RWA tokenization and stablecoin integration across global markets. Despite some political concerns, the deal underscores increasing institutional interest in DeFi from the Middle East.
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