Legal Obligations Matrix REFERENCE · EUR-Lex, congress.gov, HKMA, MAS, FCA · as of 2026-10-26
Distinguishes enacted, effective, proposed and superseded rules.
ⓘ Informational monitoring tool — not legal advice or a regulator certification. Missing public data is labelled “Insufficient Evidence”, which is not proof of a violation. Contact: stableradar@gmail.com
| Jurisdiction | Rule | Legal ref. | Obligation | Applies to | Effective | Reporting | Rule status | Last checked |
|---|---|---|---|---|---|---|---|---|
| US | GENIUS Act | §4 reserves | 1:1 reserves in permitted assets | US payment stablecoin issuers | Not yet effective (implementing rules) | Monthly reserve report | Enacted | 2026-10-26 |
| US | GENIUS Act | §4 disclosures | Monthly published reserve composition, examined by accounting firm | US issuers | Not yet effective | Monthly | Enacted | 2026-10-26 |
| EU | MiCA | Art. 51 | Crypto-asset white paper for EMT | EMT issuers in EU | 30 Jun 2024 | On change | Effective | 2026-10-26 |
| EU | MiCA | Art. 49 | Redemption at par, at any time, without fee | EMT issuers | 30 Jun 2024 | Continuous | Effective | 2026-10-26 |
| EU | MiCA | Art. 48 | Authorisation as credit institution or EMI | EMT issuers | 30 Jun 2024 | — | Effective | 2026-10-26 |
| HK | Stablecoins Ordinance | Cap. 656 | HKMA licence to issue FRS in HK | Issuers of FRS in/to HK | 1 Aug 2025 | — | Effective | 2026-10-26 |
| SG | MAS SCS | SCS framework | Redemption at par within 5 business days | MAS-regulated SCS | Framework finalised | — | Effective | 2026-10-26 |
| UK | FCA regime | CP25/14 | Authorisation for UK stablecoin issuance | UK issuers | Proposed | — | Proposed | 2026-10-26 |