XRP is Thailand’s top performing asset, Shanghai dumps FIL: Asia Express

XRP has appointed the best active in Thailand for nine consecutive months

XRP distributed the strongest yields among all the major asset classes in Thailand, raising 390% in annual sliding in August, according to the latest report on the digital asset market of the Securities and Exchange Commission.

The XRP token has now exceeded the SEC performance classification for nine consecutive months, exceeding gold, actions and other benchmarks listed in the regulator’s database. Solana was the last asset other than XRP at the head of the Thailand table. Bitcoin and Ethereum completed the three main artists in August.

The Thai cryptocurrency market continues to develop. The monthly trading volume increased by 2.05%to 299.4 billion baht (approximately 8.2 billion US dollars), while the number of active accounts increased by 8.44%to 230,000. Retail investors constituted the largest share of negotiations at 42%, followed by institutional investors (21%), jurists (18%) and foreign investors (16%).

Despite an increasing adoption, the crypto remains prohibited as a means of payment in Thailand, with exceptions such as a pilot program for tourist transactions. On social networks, some users have noted that Crypto could provide an alternative for more than 3 million premises recently cut off from banking access in a national repression of “mule accounts” – formerly legitimate bank accounts rented or sold to illegal actors.

Residents will have to accelerate their cryptographic portfolio literacy if they want alternative methods to contain their assets. Repression also includes cryptocurrency exchanges.

Sp of the Chinese Yuan of Anchorx

A stablecoin transmitter based in Kazakhstan launched a digital token fixed to the Chinese offshore yuan (CNH).

Anchorx said in February that he had received an approval in principle from the Kazakhstan financial authority to issue his stablecoin of CNH Peged Axcnh on Conflux, a public blockchain who received political support in China. AXCNH will aim for regulations and payments for the Overseas Businesses and Partners of the Belt and Road (BRI) initiative, ambitious world business strategy.

Chinese trade with BRI partner countries reached 22.1 Billions from Yuan (around 3.1 billions of dollars) in 2024, with more than half of its imports from BRI partner countries.

The launch of a Stablecoin at point in Yuan does not necessarily point out a change in the cryptographic position of China or suggests that Beijing is preparing for the stablescoins of Greenlight, despite recent rumors. The problem has long been controversial among global cryptography users, as investors in the second world economy remain banned from basic activities such as trading and mining.

The Chinese currency, the renminbi, operates on two separate markets. The Yuan Onshore (CNY) circulates in the continent under strict capital controls and cannot pass freely through the borders. Its counterpart, the Yuan Offshore (CNH), is used internationally for trade and payments.

Following the introduction of the regulation of Hong Kong Stablescoin, large Chinese companies would have put pressure on the central bank for permission to issue stablecoins in yuan in the city, which serves as the most important market for CNH. However, more recent reports indicate that certain Chinese companies can withdraw from the race for the Stablescoin of Hong Kong.

Shanghai Court sells Flecoin in Hong Kong

A district court of Shanghai made the first sale of cryptocurrency of the city seized in a case of application of criminal laws, under the direction of the court of Shanghai Higher People’s.

The Baoshan District People’s Tribunal eliminated more than 90,000 Filecoin, following procedures which reflect a framework unveiled by the Beijing police in June for the management of seized digital assets.

As part of the system, the courts contain tokens to an approved institution, which delegates trading to a qualified agent. Transactions are executed on an exchange of cryptocurrency limited to Hong Kong nevertheless than the average price of 20 days. The product is then transferred to the court account, where they can be confiscated in the Treasury of the State or returned to the victims.

The High Court of Shanghai said that this decision had marked its first successful elimination of digital assets, filling a gap where previous cases lacked a legal liquidation path.

The cryptographic industry to escape the annual grills of the South Korean legislators

The Stablecoins should dominate discussions related to cryptocurrency in the next annual parliamentary audit of South Korea.

In previous years, cryptographic audits often featured legislators grown financial regulators and market failures on market failures and manipulation. Last year, the Financial Services Commission was accused of promoting monopolies of major exchanges.

But throughout 2025, the local industry has not seen high -level scandals or the main cases of market manipulation which generally trigger such confrontations. Consequently, it is unlikely that the main exchange leaders will be summoned this year. Instead, attention moves to stablecoins, a political priority for President Lee Jae-Myung, whose administration took office in June on a cryptographic friendly position.

According to local media, invoking anonymous sources, legislators should request data on exchanges on inputs and outings of stablescoins pagayed in US dollars.

The audit of the National Assembly should start around October 13, immediately after Chuseok, a vacation often described as Thanksgiving in Korea. The legislators of the National Policy Committee, which oversees financial issues related to the crypto, have already started to write lists of witnesses.

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Yohan Yun

Yohan Yun has been a multimedia journalist covering the blockchain since 2017. He has contributed to Crypto Media Outlet Forkast as an editor and covered Asian technological stories as an assistant journalist for Bloomberg BNA and Forbes. He spends his free time cooking and experimenting with new recipes.