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This Week In Crypto Asia: UAE Streamlines Crypto Oversight, India Cracks Down On Crypto Scammers

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Another week ended, bringing enormous changes in the Asian cryptographic landscape. From regulatory changes and bringing the heat to cryptographic scammers to the collection of capital, many things happened this week in the Asian cryptographic panorama. Here are the first three trolleys.

The vara and run of the United Arab Emirates come together to simplify cryptocurrency regulations

Arriving hotly from Western Asia, the regulatory authority of the virtual activities of Dubai (Vara) and the authority for the titles and raw materials of the United Arab Emirates (SCA) have collaborated to harmonize their approach to the regulation of cryptocurrencies.

The regulatory bodies formalized their partnership after declaring their intention to work with September last year.

According to an article published on August 7, 2025, the partnership will allow licenses based in Dubai to serve the entire United Arab Emirates. The publication cites a spokesman for Vara who says: “In essence, the Mou of 2024 was a starting point. The current partnership is its formal and functional implementation”.

While the agreement introduces the mutual recognition of the license between Sca and Vara, it stops offering an automatic passport through jurisdictions. In terms of Layman, a VASP (Virtual Asset Service) license issued by one of the two authorities is recognized by the other, but only after meeting the coordination protocols and regulatory controls.

The publication cited an employee of the sector by affirming: “This includes AML (Anti-Money Laundering)/CFT (fighting the assessments of terrorism financing), operational readiness and alignment of surveillance, ensuring that national security and conformity standards remain robust”.

In addition, the partnership introduced a unified VASP recording framework, recognition of mutual license, sharing of data in real time, joint supervision protocols and cross coordination.

In addition, a new formation revision committee, approved by the SCA, will collaborate with Vara to align the cryptoral rules of the United Arab Emirates with global standards.

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Mexc expands in an Asian cryptographic landscape by supporting Triv to $ 200 million

To expand its support point in Southeast Asia, Mexc has invested $ 200 million in Triv, one of the most long-lived digital resources of Indonesia, serving over 3 million users.

Recorded by Indonesia’s Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (Bappebti), Triv offers commercials, pickets and trading futures.

It acts in a red ocean market, fighting tokocrypto, supported by Binance, Pintu, supported by Pantera Group and Idodax.

In addition, Triv faces the pressure of new arrivals such as the Hong Kong Osl group, which acquired the local Evergreen Crest Holdings company for $ 15 million in June this year.

Interestingly, the agreement, confirmed on August 5, 2025, coincided with the implementation of the tax rules of updated cryptocurrencies of Indonesia which have entered into force since 1 August, applying a tax of 0.21% on national exchange users, a strong increase compared to the previous rate.

For those who are not familiar with the Indonesian cryptocurrency market, Crypto is open to national investors only for investment purposes. Payments via Crypto are not allowed, forcing investors to look at their foreign platforms.

However, here too, the tax authorities have increased the seller’s tax from 0.2% to 1% and now the miners will have to face a 2.2% VAT, which the Government will tax up to the standard income rates after the phases of the phases under mineraling by 0.1% by 2026.

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India lights up the heat: and leads incursions at national level in relation to the network of encryption scams of $ 29 million

The direction of application (de) of India broke into 11 locations in several cities, including Delhi, pursuant to the PMLA (Prevention of Money Laundering Act), in relation to an international scam network.

The raids conducted on August 6, 2025 were based on FIRS (first information report) presented by the Central Bureau of Investigation (CBI) and the Delhi police.

According to a report of a local publication of 6 August 2025, the scammers played the police and investigative agencies to hit national and international victims.

According to reports, the scammers threatened the arrests and legal actions to force the victims in the transfer of funds.

In addition, the scammers also represented the support staff of companies such as Microsoft and Amazon, socially engineer their victims to separate from their funds. The investigation on this question revealed that the accused has accumulated $ 29 million in Bitcoin through this operation.

The authorities reveal that the scammers converted the Bitcoins in cash via USDT and subsequently channeled the proceeds through multiple Hawala networks based in the United Arab Emirates.

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Keyway keyway

  • The United Arab Emirates and the SCA have collaborated to simplify the regulatory supervision, allowing the licenses based in Dubai to serve the United Arab Emirates in its entirety

  • MEXC has extended to Southeast Asia through an investment of $ 200 million in Triv, the exchange of digital activities more long-lived of Indonesia

  • The Ed of India has raided in 11 locations in several cities to capture an international cryptographer fraud ring that has accumulated $ 29 million through illegal activities

This week’s post in Crypto Asia: the United Arab Emirates Flingine The supervision of cryptocurrencies, India goes out on Crypto Scammer appeared first out of 99 bitcoins.

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