Thailand’s Multi-Crypto ETFs, India’s FIU Crackdown, Abu Dhabi Farm Mining Ban, and the SBI Crypto Heist | October 3, 2025
Description
Thailand prepares diversified crypto ETFs—beyond Bitcoin to ETH and SOL—aimed at safer retail access and institutional participation (1:18 ). India’s FIU issues notices to 25 offshore exchanges for AML non-compliance and seeks app/website blocks (3:12 ). Abu Dhabi (ADAFSA) bans crypto mining on farmland, citing sustainability and misuse of subsidized resources, with heavy penalties for violators (4:49 ). Japan faces a new heist: ~$21M drained from wallets linked to SBI Crypto, with on-chain evidence echoing DPRK-linked patterns and flows through Tornado Cash (6:20 ).
This is your essential update on the forces shaping what’s next in money.
More on stories and articles discussed or referenced in this episode:
“Financial Intelligence Unit (FIU IND) Issues Notices for Non-Compliance to 25 Offshore Virtual Digital Assets Service Providers (VDA SPs) Under Section 13 of the Prevention of Money Laundering Act (PML) Act, 2002.” Ministry of Finance, India, 1 October 2025, https://www.pib.gov.in/PressReleasePage.aspx?PRID=2173758.
Munene, Kelvin. “Thailand SEC to Launch New Crypto ETFs Including Ethereum and Solana.” CoinCentral, 2 October 2025, https://coincentral.com/thailand-sec-to-launch-new-crypto-etfs-including-ethereum-and-solana/.
Nguyen, Anuchit. “Thailand Crypto ETF Expands Beyond Bitcoin, Regulator Says.” Bloomberg, 1 October 2025, https://www.bloomberg.com/news/articles/2025-10-02/thailand-crypto-etf-push-expands-beyond-bitcoin-regulator-says.
Rodrigues, Francisco. “Abu Dhabi Bans Crypto Mining on Farms, Citing Energy Use.” CoinDesk, 2 October 2025, https://www.coindesk.com/business/2025/10/02/abu-dhabi-bans-crypto-mining-on-farms-citing-energy-use.
Singh, Jagmeet. “India Cracks Down on 25 Crypto Exchanges Including BingX, LBank, CoinW Over Compliance Failures.” TechCrunch, 2 October 2025, https://techcrunch.com/2025/10/02/india-cracks-down-on-25-crypto-exchanges-including-bingx-lbank-coinw-over-compliance-failures/.
Watson, RT. “Japan's SBI Crypto Hit by $21 Million Exploit, Funds Sent to Tornado Cash: ZachXBT.” The Block, 2 October 2025, https://www.theblock.co/post/373081/japans-sbi-crypto-hit-by-21-million-exploit-funds-sent-to-tornado-cash-zachxbt.
The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.
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