Hong Kong is advancing its regulatory framework for the cryptocurrency sector, with plans to introduce legislation on stablecoins and virtual asset over-the-counter (OTC) services. This move comes amid a significant increase in crypto-related crimes, with the police handling 170% more cases. In parallel, South Korea's Gyeonggi province has implemented a digital tracing system to combat crypto tax evasion, successfully recovering nearly $5 million in unpaid taxes. Additionally, South Africa is exploring the use of stablecoins and blockchain for digital payments, while the Law Commission of England and Wales is seeking opinions on proposed legislation to classify cryptocurrencies and NFTs as property.