Wang Yongli criticizes Trump’s proposal for a national Bitcoin reserve, arguing it conflicts with the aim of maintaining the dollar’s global hegemony. He expresses concern that Bitcoin’s decentralized nature offers no support to the dollar’s status, but rather contradicts efforts to develop a digital dollar, potentially weakening its international standing.

Wang raises concerns about the risks of a central bank Bitcoin reserve, noting the US Treasury’s Foreign Exchange Stability Fund’s limitations in forming a reserve. Meanwhile, former Chinese officials show interest in reevaluating crypto policies. South Korea’s FSC plans corporate crypto investment regulations after postponing the crypto tax, signaling gradual institutional adoption.

Hong Kong police arrested 31 suspects involved in deepfake romantic scams, uncovering investment scam operations aimed at several countries. In Thailand, a pilot program for cryptocurrency payments in tourist hotspots like Phuket is set to begin, enhancing digital payment options to attract foreign visitors and boost tourism.