Asian regulators propose unified crypto licensing framework to streamline market oversight

Regulators across multiple Asian economies are collaborating on a unified licensing framework aimed at improving oversight of crypto exchanges and custodial service providers. The proposal includes standardized capital reserve requirements, enhanced audit rules, and multi-jurisdictional reporting obligations. Officials argue that coordinated regulations could reduce compliance friction for exchanges operating across borders. Market experts believe the initiative may increase institutional participation by establishing clearer operational guardrails and reducing uncertainty around regulatory fragmentation.