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
Japan’s FSA has issued its first new crypto exchange licence in four years to Nomura’s Laser Digital, signalling a selective reopening of one of Asia’s most tightly gated markets.
https://lnkd.in/g3hY2Pc3

The MAS unveiled tax exemptions for fund managers and family offices in a direct response to Hong Kong’s recent cuts, escalating the rivalry between the two hubs for Asia’s wealth management business.
https://lnkd.in/gz8JSd_x

🔐 HACKING & PHYSICAL RISKS
Taiwan dismantled a USDT laundering network routing funds through Hong Kong-based exchanges, highlighting stablecoins as the go-to vehicle for cross-border financial crime in Asia.
https://lnkd.in/gz8JSd_x

South Korea is launching a Joint Virtual Asset Crime Investigation Unit in October with over 2,500 investigators targeting crypto fraud, phishing, and money laundering.
https://lnkd.in/gz8JSd_x

📊 INDUSTRY & MARKETS
SBI Holdings led a $68 million Series C in Fasset at a $1 billion valuation, with the digital asset platform planning a licensed digital bank in Malaysia.
https://lnkd.in/gaPU7rXv

Standard Chartered became the first bank to distribute Hong Kong’s new HKDAP stablecoin, setting a precedent for bank participation in stablecoin distribution without direct issuance risk.
https://lnkd.in/gz8JSd_x

🛡️ INSURANCE SPOTLIGHT
With $750 billion flowing into APAC data centres, Willis says insurers are moving to ecosystem-based underwriting, scrutinising power, cooling, connectivity, and cyber resilience rather than assets alone.
https://lnkd.in/g9jvNPCR

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