Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space.
Kazakhstan debuts Central Asia’s first Bitcoin ETF while Vietnam partners with Korea’s Upbit for crypto exchange development. Meanwhile, Japan’s Quantum Solutions expands Bitcoin treasury holdings, signaling growing institutional adoption across the region.
Kazakhstan Debuts Central Asia’s First Bitcoin ETF
Fonte Capital launched BETF, Central Asia’s inaugural spot Bitcoin exchange-traded fund, on Astana International Exchange. The physically-backed ETF provides regulated cryptocurrency exposure through BitGo custody services with $250 million insurance coverage.
Kazakhstan capitalizes on its position as a major Bitcoin mining hub following China’s 2021 ban. The dollar-priced fund offers institutional and retail investors direct Bitcoin access without managing private keys. BETF represents Kazakhstan’s strategy to diversify its financial sector and attract foreign capital through progressive digital asset regulations.
Upbit Partners with Vietnam’s Military Bank for Crypto Platform
Dunamu, operator of Korea’s top cryptocurrency exchange Upbit, signed an MOU with Vietnam’s Military Bank to establish a Vietnamese crypto trading platform. High-level Vietnamese officials, including Defense Minister Phan Van Giang and Finance Minister Nguyen Van Thang, visited Upbit’s Seoul headquarters to inspect trading systems and security infrastructure.
Military Bank, Vietnam’s fourth-largest bank with 30 million customers, will leverage Upbit’s technology and regulatory expertise. The partnership addresses Vietnam’s growing crypto market of 20 million holders generating $800 billion annual trading volume, supporting the nation’s digital financial transformation initiatives.
Japanese Tech Firm Quantum Solutions Expands Bitcoin Holdings Strategy
Quantum Solutions (TSE: 2338), a Tokyo-listed technology company, announced its Hong Kong subsidiary completed additional Bitcoin acquisitions totaling 8.96 BTC worth $1.034 million. The firm specializes in AI technology, next-generation data center infrastructure, and Web3 applications development.
Led by CEO Francis Bing Rong Zhou, Quantum Solutions operates as an innovative holdings platform bridging capital and technology across Asia. The company implements daily Bitcoin acquisition reviews as part of its comprehensive digital asset reserve strategy, positioning itself as a pioneer in cryptocurrency financial services while maintaining strict compliance standards.
Asia Pacific Morning Digest
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Do Kwon Might Receive a 12 Year Prison Sentence After Guilty Plea: The presiding Judge, Paul Engelmayer, emphasized that Kwon must pay $19 million in penalties and accept culpability for Terraform’s criminal activities.
Bitcoin Helps a Fast Food Chain Overthrow McDonald’s and Domino’s: Steak ‘n Shake had a large increase in sales last quarter, and the company credits Bitcoin for its success. The firm began accepting BTC payments in stores across several countries, and it’s interested in more upgrades.
The post Kazakhstan Launches Bitcoin ETF, Vietnam Leaders Visit Upbit, and More appeared first on BeInCrypto.
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Shigeki Mori
https://beincrypto.com/kazakhstan-launches-bitcoin-etf-vietnam-leaders-visit-upbit-and-more/
2025-08-13 02:10:00
