UAE Streamlines, India Targets Fraud

One other week has come to an in depth, bringing huge adjustments to the Asian crypto panorama. From regulatory adjustments and bringing the warmth to crypto scammers to elevating capital, loads has occurred this week within the Asian crypto panorama. Right here’s the highest three rundown.

UAE’s VARA And SCA Unite To Streamline Crypto Laws

Coming in scorching from West Asia, Dubai’s Digital Belongings Regulatory Authority (VARA) and the UAE’s Securities and Commodities Authority (SCA) have collaborated to harmonise their strategy in the direction of crypto regulation.

The regulatory our bodies formalised their partnership after declaring their intention to work collectively in September final 12 months.

In line with an article revealed on 7 August 2025, the partnership will permit Dubai-based licenses to service everything of the UAE. The publication quotes a VARA spokesperson stating, “In essence, the 2024 MOU was a place to begin. The present partnership is its formal and purposeful implementation.”

Whereas the settlement introduces mutual license recognition between the SCA and VARA, it stops wanting providing automated passporting throughout jurisdictions. In layman’s phrases, a VASP (Digital Asset Service Supplier) license issued by both of the 2 authorities is acknowledged by the opposite, however solely after assembly coordination protocols and regulatory checks.

🇦🇪 The UAE has arrange a unified regulatory framework for digital belongings 📜 by way of a deal between the Securities and Commodities Authority (SCA) 🏛️ and Dubai’s Digital Belongings Regulatory Authority (VARA) 💠.

This goals to spice up innovation 🚀, strengthen oversight 🔍, and develop the… pic.twitter.com/WQIjYZ3I4m

— Vishal Techzone (@VishalSahu21) August 8, 2025

The publication quoted an trade insider stating, “This contains AML (Anti-Cash Laundering)/CFT (Combating the Financing of Terrorism) assessments, operational readiness, and supervisory alignment, making certain that nationwide safety and compliance requirements stay sturdy.”

Additional, the partnership launched a unified VASP registration framework, mutual license recognition, real-time knowledge sharing, joint supervision protocols and cross-jurisdictional AML coordination.

Moreover, a newly shaped Legislative Overview Committee, authorised by the SCA, will collaborate with VARA to align the UAE’s crypto laws with world requirements.

Discover: 20+ Subsequent Crypto to Explode in 2025

MEXC Expands Into Asian Crypto Panorama By Backing Triv At $200M Valuation

To broaden its foothold in Southeast Asia, MEXC has invested $200 million in Triv, one in every of Indonesia’s longest-running digital asset exchanges, serving over 3 million customers.

Registered below Indonesia’s Monetary Companies Authority (OJK) and the Commodities Futures Buying and selling Regulatory Company (BAPPEBTI), Triv gives spot, staking, and futures buying and selling.

It competes in a purple ocean market, battling Tokocrypto, backed by Binance, Pintu, backed by Pantera Group and Indodax.

Along with this, Triv faces strain from newcomers akin to Hong Kong’s OSL Group, which acquired the native agency Evergreen Crest Holdings for $15 million in June of this 12 months.

MEXC Ventures is betting huge on Indonesia’s Triv, valuing it at $200M. Asia enlargement mode: activated 🌏📶

— CryptoSangeet (@CryptoSangeet) August 7, 2025

Apparently, the deal, confirmed on 5 August 2025, coincided with the implementation of Indonesia’s up to date crypto tax guidelines that got here into impact from 1 August, imposing a 0.21% tax on home alternate customers, a pointy uptick from the earlier charge.

For these unfamiliar with the Indonesian crypto market, crypto is open to home buyers for funding functions solely. Funds through crypto usually are not permitted, forcing buyers to, in flip, take a look at overseas platforms.

Nevertheless, right here too, the tax authorities have elevated the vendor tax from 0.2% to 1%, and now miners will face a 2.2% VAT, which the federal government will tax at commonplace revenue charges after it phases out the continued 0.1% mining tax by 2026.

Discover: Finest Meme Coin ICOs to Put money into August 2025

India Turns On The Warmth: ED Conducts Nationwide Raids In Connection With $29M Crypto Rip-off Community

The Enforcement Directorate (ED) of India raided 11 areas throughout a number of cities, together with Delhi, below the PMLA (Prevention of Cash Laundering Act), in reference to a global crypto rip-off community.

The raids performed on 6 August 2025 have been primarily based on FIRs (First Data Report) filed by the Central Bureau of Investigation (CBI) and the Delhi Police.

In line with a report by a neighborhood publication dated 6 August 2025, the scammers impersonated legislation enforcement and investigative businesses to focus on home in addition to worldwide victims.

🚨 JUST-IN:

India Freezes ₹42.8 Cr in Belongings Linked to $20M Coinbase Rip-off Suspect

Chirag Tomar, now in U.S. custody, ran a faux Coinbase web site that tricked customers through search engine marketing and faux assist numbers — stealing over $20M in crypto.

🧊 ED has connected 18 properties & a number of financial institution… pic.twitter.com/uZzwqvVuin

— Creatooor (@Creatooors) August 7, 2025

Reportedly, the scammers threatened arrests and authorized actions to coerce the victims into transferring funds.

Along with this, the scammers additionally posed as assist employees from corporations akin to Microsoft and Amazon, socially engineering their victims to half with their funds. Investigation into this matter has revealed that the accused amassed $29 million in Bitcoins by way of this operation.

Authorities reveal that the scammers transformed the Bitcoins into money through USDT and subsequently funnelled the proceeds by way of a number of hawala networks primarily based within the UAE.

Discover: 10+ Crypto Tokens That Can Hit 1000x in 2025