Asia's weekly top 10 crypto news: India, Hong Kong, and Russia developments

India's Securities and Exchange Board (SEBI) launched the Demat 2.0 pilot to tokenize corporate bonds using blockchain and the Reserve Bank of India’s wholesale digital rupee, with initial issuances from REC, Larsen & Toubro, and IIFL Finance. In Hong Kong, legislator Duncan Chiu proposed the creation of an independent digital asset division within the Securities and Futures Commission (SFC) to streamline regulations for RWA, tokenized stocks, and virtual asset ETFs, aiming to establish the region as a global digital asset hub by 2032. Meanwhile, a Russian presidential advisor stated that cross-border crypto payments will become essential for Russian imports within the next two to three years.