Asia Weekly Crypto Roundup: South Korea Advances Tokenization, Thailand Reviews Self-Custody, and CZ Visits Kyrgyzstan

The Monetary Authority of Singapore (MAS) has issued a consultation paper on stablecoin regulation, proposing a new licensing category, a ban on interest distribution, and mandatory freeze-burn capabilities for illicit activity. Meanwhile, Southeast Asian blockchain firms have raised $680 million in 2026, already exceeding the 2025 total, with Singapore-based companies securing 82.5% of the capital. Additionally, the Kimchi Premium has returned in South Korea, with Bitcoin trading approximately 1% higher on Upbit compared to Binance.