This week in Asia Crypto: Metaplanet bets on South Korea, Binance cooperates with the CRF of India

Recent developments paint a complex table of crypto in Asia, where, on the one hand, established companies double the regulated digital assets, while law enforcement organizations are looking at key attacks and criminal misuse of cryptocurrencies.

Metaplanet has acquired the SGA of South Korea to strengthen its Bitcoin strategy

The Japanese Bitcoin Cash, Metaplanet, has acquired majority participation in the South Korean company listed on the stock market, SGA. If it is finalized, SGA would be able to acquire bitcoins as part of a wider digital strategy.

According to an article published on July 15, 2025, the CEO of the company, Simon Gerovich, entered a consortium with Moon Inc., based in Hong Kong, Kliff Capital of Bangkok, the venture capital company focused on the crypto-focal of Taipei, Sora Ventures and Utxo Management, an investment firm and Bitcoin consulting in the context of The Asia campaign.

Metaplane’T buys in SGA: Strategic game

The Japanese company Metaplanet invests $ 25 million in SGA, a South Korean system software developer, via the rights offer. Crypto admitted entities extend influence in traditional technology.

– BlueSterCappital (@bluasterCapital) July 14, 2025

Although Gerovich is listed as an independent investor, this decision aligns with the Metaplanet Bitcoin accumulation strategy by transforming traditional companies into Bitcoin entities, then using them as vehicles for Bitcoin exposure on the regional capital markets.

While the Board of Directors of the SGA and the Korean Financial Services Commission signed the issue of 58 million shares in the consortium, the final agreement is still in instance.

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Crypto in Asia faces a security crisis while key attacks and Bitcoin flights increase

According to a recent report published by Chainsysis on July 17, 2025, key attacks targeting crypto holders increased in the APAC region in 2025. Compared to 2021, the worst year for such cases, attacks have almost doubled, with 35 cases reported so far.

In addition, these are not partitioned events. The APAC region attends key attacks as well as a wave of cryptographic flights, with more than $ 2.17 billion stolen from cryptographic platforms in the first half of 2025, exceeding the total of 2024.

Increased physical attacks against Bitcoin holders

2025 risks becoming the worst year never recorded for "Key attacks at $ 5" – Physical assaults aimed at stealing bitcoin and cryptocurrencies – with incidents reaching new heights.

According to Chainalysis, 35 attacks against Bitcoin… pic.twitter.com/xcoxoejm0j

– Atlas21 (@ atlas21_news) July 17, 2025

Retail portfolio flights represent almost 25% of stolen funds in 2025, hitting Japan, Indonesia, South Korea and the hardest Philippines. Criminals specifically target Bitcoin holders when they pursue large wallet yields.

An increase in crypto entries has led to criminal groups to exploit the anonymous nature and liquidity of the asset class by making abductions, home invasions, extentions and attacks for ransom.

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Indian FIU Sping Binance on the financing of cross -border terrorism

The financial intelligence unit of India (FIU) is actively coordinated with Binance to identify private portfolios in India, in particular in sensitive regions such as Jammu-et-Cachemire, which could receive cryptocurrencies from Pakistan.

As a local publication reported on July 15, 2025, the CRF estimates that individuals use these private portfolios as a source of funding to carry out illegal activities, as well as terrorist financing in India.

Since these portfolios are not linked to centralized exchanges, the authorities find it difficult to monitor them and find them.

According to the publication, the investigators investigated the binance in this case, because it is the most used exchange in the region for cross -border cryptographic transactions.

Breakup

The verification of the reality of the crypto of India has become darker.

The FIU is now on the flows of cross -border cryptography linked to Pakistan and the financing of terrorism, with Binance and Wazirx under the scanner.

Wazirx portfolios have linked to the Islamic State.

Raids are already occurring in Jammu-et-Cachemire.… pic.twitter.com/RcGNED7Y8Z

– Rananjay Singh (@TODAYCYPTORJ) July 13, 2025

An official has been quoted by the publication indicating: “Binance has cooperated with the CRF and in recent months, while cryptographic transactions between J&K (Jammu and Cashmire) and the border areas of Pakistan have increased, we suspect that some of them would be linked to the financing of terrorism.”

This follows the exchange by resuming its operations in India after setting a penalty of $ 2.25 million to restore the conformity of the CRF after its suspension in December 2023.

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VCI Global strengthens crypto in Asia with a regulated Bitcoin investment vehicle

The diversified maintenance company based in Malaysia, VCI Global, on July 15, 2025, acquired V Capital Fund Management, another Malaysian company, to offer Bitcoin investment options for institutional investors and at high value in Asia.

The VCIG Bitcoin Fund, launched via Labuan (A Federal Territory of Malaysia), an offshore financial center recognized international, offers a flexible regulatory environment as well as a solid anti-defense laundering (AML) and know the compliance and the tax advantages of your customer (KYC).

$ VCIG announced a final agreement that will allow VCIG to launch the VCIG Bitcoin fund, targeting the cryptocurrency market of 2.6 billions of dollars with 2.7 million shares with a low float pic.twitter.com/wipe34nih

– Parker Wilkes (@ 0ujl7) July 16, 2025

This decision reflects the tendency of the industry of a broader adoption of digital assets by established financial companies, writing traditional finance with digital assets.

Since the regulated crypto investment options in Asia remain limited, the VCIG Bitcoin Fund aims to improve the cryptographic infrastructure of the region. The fund aims to stimulate liquidity, improve childcare solutions and attract the participation of a larger range of family offices and institutional asset managers.

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The post this week in Crypto Asia: Metaplanet bets on South Korea, Binance cooperates with the CRF of India appeared first on 99Bitcoins.

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