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All Jurisdictions

16 jurisdictions with stablecoin regulatory frameworks

United States

North America

Unclear

Framework: GENIUS Act (Public Law 119-27)

Regulator: OCC / Federal Reserve / Treasury

6 permitted7 unclear
Licensing required

European Union

Europe

Unclear

Framework: MiCA (Markets in Crypto-Assets)

Regulator: ESMA / EBA

2 permitted4 restricted5 unclear
Licensing required

Singapore

Asia Pacific

Unclear

Framework: Payment Services Act (stablecoin amendments)

Regulator: Monetary Authority of Singapore (MAS)

3 permitted
Licensing required

Hong Kong

Asia Pacific

Unclear

Framework: Stablecoin Bill (proposed)

Regulator: Hong Kong Monetary Authority (HKMA)

2 permitted1 restricted
Licensing required

United Kingdom

Europe

Unclear

Framework: FSMA amendments (stablecoin regime)

Regulator: FCA / Bank of England

1 unclear
Licensing required

Japan

Asia Pacific

Unclear

Framework: Payment Services Act (stablecoin amendments)

Regulator: Financial Services Agency (FSA)

2 restricted
Licensing required

Switzerland

Europe

Unclear

Framework: DLT Act / Banking Act

Regulator: FINMA

1 unclear
Licensing required

United Arab Emirates

Middle East

Unclear

Framework: VARA Regulations

Regulator: Virtual Assets Regulatory Authority (VARA)

1 permitted
Licensing required

Canada

North America

Unclear

Framework: CSA Staff Notice 21-332

Regulator: CSA / OSFI

1 unclear
Licensing required

Australia

Oceania

Unclear

Framework: Digital Assets (Market Regulation) Bill

Regulator: ASIC / Treasury

No licensing required

Brazil

South America

Unclear

Framework: Law 14.478/2022

Regulator: CVM / Central Bank of Brazil

Licensing required

South Korea

Asia Pacific

Unclear

Framework: Virtual Asset User Protection Act

Regulator: FSC / FIU

Licensing required

Thailand

Asia Pacific

Unclear

Framework: Royal Decree on Digital Asset Businesses

Regulator: SEC Thailand

Licensing required

Turkey

Middle East

Unclear

Framework: Law on Amendments to the Capital Markets Law

Regulator: Capital Markets Board of Turkey (CMB)

Licensing required

British Virgin Islands

Caribbean

Unclear

Framework: BVI Virtual Assets Act

Regulator: BVI Financial Services Commission

Licensing required

El Salvador

Central America

Unclear

Framework: Digital Asset Issuance Law (LEAD)

Regulator: CNAD (National Commission of Digital Assets)

1 permitted
Licensing required