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SparkLabs, Mirae Asset launch fund targeting Central Asia startups

Qazaqstan Investment Corporation, IT Park Ventures, Mirae Asset Venture Investment and SparkLabs Group have signed a term sheet to establish a new venture capital fund targeting Series A and later stage startups across Central Asia, with AI native companies forming…

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MultiversX hit by Upbit warning after mainnet exploit

MultiversX has come under formal trading review at Upbit after the South Korean exchange flagged EGLD on Sept. 21 following a mainnet security incident that forced the network to stop progressing. Upbit’s official notice designated EGLD/KRW, EGLD/BTC and EGLD/USDT as…

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Bank of Russia sets 1% crypto risk limit under draft rules

The Bank of Russia has proposed capping banks’ total risk from cryptocurrencies and foreign digital instruments at 1% of their capital as it sets prudential limits for lenders entering the country’s newly regulated crypto market. According to the Bank of…

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Vietnam targets 2026 launch for first licensed crypto service providers

Vietnam has said its first crypto asset service providers are expected to receive licenses and begin operations in 2026 as regulators build a supervision system around the country’s five year digital asset market pilot. According to the State Securities Commission…

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Saudi Arabia exits China backed mBridge digital currency project

Saudi Arabia has ended its participation in the China linked mBridge digital currency platform after completing a central bank digital currency trial in May 2025, removing the kingdom from a cross border payment project that has faced scrutiny in Washington…