Wang Yongli, former vice president of the Bank of China, has criticized US President-elect Donald Trump’s Bitcoin reserve proposal, arguing it undermines the dollar’s global dominance. He cautions that a national Bitcoin reserve may pose significant risks and emphasizes the need to return seized Bitcoin to rightful owners. Recent US policy changes, including the approval of spot Bitcoin ETFs, are prompting some former Chinese officials to re-evaluate their stance on cryptocurrencies. In South Korea, the Financial Services Commission plans to assess the gradual permit of real-name accounts for corporate crypto investments. Meanwhile, Hong Kong police arrested 31 suspects using deepfake technology in investment scams targeting victims across Asia. Lastly, Thailand will trial cryptocurrency payments in Phuket, aiming to enhance tourism by integrating digital currencies into transactions.

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