In the crypto space, from September 23 to September 29, various Asian nations made moves that could shape the future. From China’s growing focus on crypto research to Japan’s policy changes and Turkey’s view on crypto taxes, this week’s news highlights important shifts in crypto policies and plans.

China Calls for Enhanced Cryptocurrency Research

During the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing on September 28, former Chinese Vice Minister of Finance Zhu Guangyao, stressed the need for improved research into digital assets as noted by Wu Blockchain.

Zhu noted that while digital assets are risks to capital markets and can be harmful to global anti money laundering efforts, they are also important for the economy’s growth.

Japan to Reform Crypto Gaming Regulations

Japan’s Financial Services Agency (FSA) announced plans on September 24 to reform regulations around cryptocurrency in gaming, focusing on simplifying the process for businesses managing in-game digital assets.

This regulatory overhaul is anticipated to reduce the barriers for Japanese companies entering the blockchain gaming industry. The FSA’s move aims to make the burgeoning sector more accessible for domestic enterprises, allowing them to compete in the international market.