Dubai Leads Asian Crypto Hubs as India Shields Banks From Crypto
Dubai claims the top spot among Asian crypto hubs while India moves to isolate its banking sector from cryptocurrency exposure.
Dubai is pulling ahead of every rival in Asia's crypto race. The emirate has cemented its reputation as the region's most welcoming jurisdiction for digital assets, outpacing competitors like Singapore and Hong Kong as regulatory clarity continues to attract exchanges, funds, and talent looking for a stable base of operations.
India is moving in the opposite direction. New Delhi is actively working to wall off its banking system from crypto exposure, a policy posture that signals the government still views digital assets as a systemic risk — even as retail interest in the country remains massive. That combination of high demand and tight banking access is a friction point every India-focused trader needs to watch.
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SBI Crypto, the digital-asset arm of Japan's financial giant SBI Holdings, has shuttered its Bitcoin mining pool — previously ranked 12th largest in the world. That's a significant chunk of global hashrate walking off the field, and any reduction in mining competition can shift the economics for remaining miners practically overnight.
Russia is pushing forward with its digital ruble rollout despite ongoing EU sanctions pressure. Moscow framing a central bank digital currency as a sanctions-evasion tool is a geopolitical wildcard that could influence how other sanctioned economies think about state-backed digital money going forward.
Taken together, these moves paint a fragmented picture of crypto regulation across Asia and beyond — some doors opening wide, others slamming shut. Where you trade and how you access liquidity increasingly depends on which side of that regulatory fault line you're sitting on. Continue reading at Cointelegraph.
