Crypto Asia News: India Reviews VDA Framework, Japan Pushes For Extra Reserves, South Korea Implements Stricter AML Rules

The Ghana Gold Board is advocating for the adoption of blockchain technology to enhance the tracking of gold movements globally. This initiative aims to improve transparency and efficiency in the gold supply chain, reflecting a growing interest in integrating blockchain within traditional industries.

Upbit, South Korea's largest cryptocurrency exchange, has initiated an accelerated security overhaul following a cyberattack that resulted in the unauthorized withdrawal of approximately $36 million from its Solana network. The exchange has temporarily suspended all deposits and withdrawals as investigations continue into the breach, which authorities suspect is linked to North Korea's Lazarus Group.

The cryptocurrency market remains stable as Bitcoin (BTC USD) holds steady around $90,000 and Ethereum (ETH USD) shows gradual upward movement following a chaotic data center outage in Chicago that briefly disrupted global trading. This calmness in the market is notable given the recent volatility experienced in the crypto space.

Upbit, South Korea's largest cryptocurrency exchange, has reported a significant hack resulting in the unauthorized withdrawal of approximately $36 million in assets from its Solana network. The exchange has suspended all deposits and withdrawals while an investigation is underway, with authorities suspecting the involvement of North Korea's Lazarus Group in the breach.

FC Barcelona's recent partnership with the Samoa-based company Zero-Knowledge Proof (ZKP) as its 'Official Cryptographic Protocol Partner' has quickly turned into a public relations issue, with the club distancing itself from the association shortly after its announcement in mid-November. This development has raised concerns regarding the club's financial strategies and decision-making processes.

Turbo (TURBO) surged by 50%, while Wojak (WOJAK) also saw significant gains, marking a robust recovery in the meme-coin market as traders shifted towards higher-risk tokens. This upward momentum occurred over a 24-hour period leading into the weekend of November 29, 2025.

Upbit, South Korea's largest cryptocurrency exchange, has reported a significant security breach involving its Solana hot wallet, resulting in a loss estimated at approximately $36 million. The exchange has suspended all deposits and withdrawals while investigating the unusual transactions that prompted this action.

Switzerland's Federal Council has announced a delay in the automatic exchange of cryptocurrency account data with foreign tax authorities until at least January 2027, despite plans to implement new rules in 2025. This postponement affects the global framework for crypto tax reporting, which is crucial for international compliance.