Welcome back to Continuum Risk Update. Every Friday we pull the top Asia headlines on digital-asset regulation, cyber risk, industry moves and insurance signals, with concise takeaways and practical actions for insurers and corporate risk teams.
🏛️ REGULATORY
Singapore has finalised its CARF crypto tax reporting framework, requiring digital asset firms to report customer transaction data to tax authorities from 2027, bringing the city-state in line with OECD global standards.
https://lnkd.in/gvnaRK4V
South Korea’s National Assembly has passed a bill expanding FIU powers to freeze suspicious crypto accounts without court approval in urgent cases, marking a significant step up in the country’s AML enforcement toolkit.
https://lnkd.in/gwFYXSDf
🔐 HACKING & PHYSICAL RISKS
Hong Kong’s SFC flagged 65 fake websites impersonating licensed exchange HashKey, warning investors of a coordinated phishing campaign targeting retail crypto users in the city.
https://lnkd.in/gvnaRK4V
BitMart’s founder has been accused of withholding user funds owed since the exchange’s 2021 hack, with new claims alleging millions in unpaid compensation remain outstanding.
https://lnkd.in/gvPkd5Ab
📊 INDUSTRY & MARKETS
Hong Kong has kicked off live beta testing for its HKD-backed stablecoin through the HKDAP programme, with licensed participants transacting under the regulatory sandbox ahead of a broader rollout.
https://lnkd.in/gBB9ZiWa
South Korea’s Shinhan Bank has tokenised one of its investment funds on Plume’s blockchain network, becoming one of the first major Korean banks to put a traditional financial product onchain.
https://lnkd.in/gNhN6d5g
🛡️ INSURANCE SPOTLIGHT
Lloyd’s Asia held GWP flat at US$1.2bn in 2025 after the prior year’s 17% surge, but underwriting gains jumped 24% and net profit climbed 10% according to MAS filings, pointing to a deliberate shift toward quality over volume.
https://lnkd.in/gy_-f-gs
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