Leyes de stablecoins REFERENCIA · fuentes oficiales de gobiernos / reguladores · as of 2026-10-26
En resumen: StableRadar sigue 29 leyes y marcos de stablecoins en 27 jurisdicciones: 22 promulgados o en vigor, el resto pendientes, propuestos o en consulta. Ejemplos: la GENIUS Act de EE. UU. (firmada 18 Jul 2025) y el reglamento MiCA de la UE. Cada entrada enlaza a una fuente oficial de gobierno o regulador (a 2026-10-26).
Leyes y marcos de stablecoins promulgados y pendientes. Cada entrada enlaza a una fuente oficial; las que no la tienen no se publican.
Américas · 8
| País | Ley / marco | Estado | Aprobada | Vigente | Regulador | Requisitos clave | Fuente oficial |
|---|---|---|---|---|---|---|---|
| 🇺🇸 Estados Unidos | GENIUS Act (S.1582) | Promulgada | Signed 18 Jul 2025 | Earlier of 18 months after enactment or 120 days after final regulations | OCC, Federal Reserve, FDIC, NCUA, state regulators | Federal framework for payment stablecoins: permitted issuers only, 1:1 reserves in cash/T-bills etc., monthly reserve disclosure, redemption rights, AML/sanctions compliance. | congress.gov ↗ |
| 🇺🇸 Estados Unidos | STABLE Act (H.R.2392) | Pendiente | Introduced 2025 | — | — | House stablecoin bill; legislative status per Congress.gov. | congress.gov ↗ |
| 🇧🇲 Bermuda | Digital Asset Business Act 2018 (DABA) | En vigor | 2018 | 2018 | Bermuda Monetary Authority | Licensing for digital asset business, expressly including issuing, selling or redeeming virtual coins/tokens and digital-asset payment services; BMA may issue guidance, codes and rules. | bermudalaws.bm ↗ |
| 🇦🇷 Argentina | CNV General Resolution 994/2024 — PSAV register | En vigor | 2024 | 2024 | Comisión Nacional de Valores | Registration regime for virtual asset service providers (PSAV); not a stablecoin-specific issuance law. | argentina.gob.ar ↗ |
| 🇧🇸 Bahamas | Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) | Promulgada | Passed 2024 (Securities Commission release 30 Jul 2024) | — | Securities Commission of The Bahamas | Stablecoin issuers must fully back tokens with segregated reserve assets and disclose reserve composition, custody, redemption and stabilisation arrangements; algorithmic stablecoins prohibited. | scb.gov.bs ↗ |
| 🇧🇷 Brazil | Banco Central Resolutions BCB 519/520/521 (virtual asset services; FX treatment) | En vigor | 10 Nov 2025 | 2 Feb 2026 | Banco Central do Brasil | Authorisation of virtual-asset service providers; purchases/sales/exchanges of foreign-currency-referenced stablecoins treated as FX operations with reporting. | bcb.gov.br ↗ |
| 🇨🇦 Canada | Stablecoin Act (Division 45, Bill C-15, Budget 2025 Implementation Act, No. 1) | Promulgada | Royal Assent 26 Mar 2026 | Expected 2027 after regulations | Bank of Canada; Department of Finance; FINTRAC | Fiat-backed issuers register with the Bank of Canada; 1:1 high-quality liquid reserves; at-par redemption policy; governance, risk and data-security policies. | canada.ca ↗ |
| 🇸🇻 El Salvador | Regulations for Issuance of Stablecoin Public Offerings (Digital Assets Issuance Law) | En vigor | 11 Jul 2023 (regulation date) | — | CNAD (National Commission of Digital Assets) | Issuer registration with reserve, issuance/redemption and technology disclosures; CNAD publishes stablecoins eligible for trading. | cnad.gob.sv ↗ |
Europa · 5
| País | Ley / marco | Estado | Aprobada | Vigente | Regulador | Requisitos clave | Fuente oficial |
|---|---|---|---|---|---|---|---|
| 🇪🇺 Unión Europea | Markets in Crypto-Assets Regulation (EU) 2023/1114 (MiCA) | En vigor | 31 May 2023 | Titles III–IV (ART/EMT): 30 Jun 2024; full application 30 Dec 2024 | EBA, ESMA, national competent authorities | Authorisation for e-money token and asset-referenced token issuers, reserve and redemption-at-par requirements, white papers, CASP licensing. | eur-lex.europa.eu ↗ |
| 🇬🇧 Reino Unido | Financial Services and Markets Act 2023 (enabling powers for stablecoin regime) | Promulgada | 29 Jun 2023 | Secondary legislation / FCA rules pending | HM Treasury, FCA, Bank of England | Gives powers to bring fiat-backed stablecoins into the regulatory perimeter. | legislation.gov.uk ↗ |
| 🇬🇧 Reino Unido | FCA CP25/14 — Stablecoin issuance and cryptoasset custody | Consulta | Published May 2025 | — | FCA | Proposed rules for UK qualifying stablecoin issuers (backing assets, redemption) and custody. | fca.org.uk ↗ |
| 🇹🇷 Turkey | Law No. 7518 amending Capital Markets Law (crypto asset service providers) | En vigor | 2024-06-26 | 2024-07-02 | Capital Markets Board (SPK) | Crypto asset service providers need CMB permission; CMB communiqué of 13 Mar 2025 sets licensing and operating rules. No stablecoin-specific issuance regime. | resmigazete.gov.tr ↗ |
| 🇨🇭 Switzerland | FINMA Guidance 06/2024 — Stablecoins: risks and requirements for issuers and guarantee banks | En vigor | 26 Jul 2024 | — | FINMA | Supervisory guidance on stablecoin issuers (AML, deposit/banking licence questions) and default-guarantee arrangements with banks. | finma.ch ↗ |
Asia-Pacífico · 11
| País | Ley / marco | Estado | Aprobada | Vigente | Regulador | Requisitos clave | Fuente oficial |
|---|---|---|---|---|---|---|---|
| 🇸🇬 Singapur | MAS Stablecoin Regulatory Framework | Framework finalised | 15 Aug 2023 | — | MAS | Single-currency stablecoins issued in Singapore: reserve backing, redemption at par within 5 business days, capital and disclosure; “MAS-regulated stablecoin” label. | mas.gov.sg ↗ |
| 🇭🇰 Hong Kong | Stablecoins Ordinance (Cap. 656) | En vigor | May 2025 | 1 Aug 2025 | HKMA | Licensing of fiat-referenced stablecoin issuers by the HKMA; reserve, redemption and offering restrictions. | elegislation.gov.hk ↗ |
| 🇯🇵 Japón | Payment Services Act amendment (Act No. 61 of 2022) — electronic payment instruments | En vigor | Promulgated 10 Jun 2022 | 1 Jun 2023 | FSA | Defines fiat-linked “electronic payment instruments”; issuance limited to banks, fund-transfer providers and trust companies; registration of exchange service providers. | fsa.go.jp ↗ |
| 🇹🇭 Thailand | Bank of Thailand stablecoin supervisory policy (BoT news 16/2564) | En vigor | 2021-03-19 | 2021 | Bank of Thailand | Baht-backed stablecoins used for payments may fall under e-money rules of the Payment Systems Act 2017 and require prior consultation with BoT; other stablecoin types subject to further consultation. | bot.or.th ↗ |
| 🇮🇩 Indonesia | POJK 27/2024 — Digital Financial Asset Trading incl. Crypto Assets | En vigor | 2024-12 | 2025-01-10 | Otoritas Jasa Keuangan (OJK) | Transfers crypto oversight from Bappebti to OJK; licensing, governance, risk, AML and consumer protection for digital financial asset trading operators. Not stablecoin-specific. | ojk.go.id ↗ |
| 🇵🇭 Philippines | BSP Circular No. 1108 (2021) — Guidelines for Virtual Asset Service Providers | En vigor | 2021 | 2021 | Bangko Sentral ng Pilipinas | VASPs require BSP registration/Certificate of Authority and must apply AML/CFT controls including the travel rule (PHP 50,000 threshold). No stablecoin-specific issuance regime in this circular. | bsp.gov.ph ↗ |
| 🇦🇺 Australia | Payments licensing reforms — tokenised stored-value facilities (Tranche 1 draft legislation) | Consulta | Draft released (Treasury page updated 12 Mar 2026) | — | Treasury; ASIC; APRA (major SVF providers) | Payment stablecoins treated as tokenised stored-value facilities; providers need an AFSL; major SVF providers subject to APRA prudential standards. | treasury.gov.au ↗ |
| 🇰🇷 South Korea | Digital Asset Basic Act (“phase 2” virtual asset law) — government review draft | Pendiente | Discussed by FSC Virtual Asset Committee 4 Mar 2026 | — | Financial Services Commission | Draft would institutionalise won stablecoins; issuer structure (incl. bank-led 50%+1 option) not finalised per FSC. | fsc.go.kr ↗ |
| 🇹🇼 Taiwan | Virtual Asset Service Act | Promulgada | 2026 | — | Financial Supervisory Commission; Central Bank | Statute governing virtual asset services, including stablecoin issuance; see official text for requirements. | law.fsc.gov.tw ↗ |
| 🇰🇿 Kazakhstan | National Bank regulatory sandbox — tenge stablecoin pilot | Piloto | — | — | National Bank of Kazakhstan | First tenge-denominated stablecoin launched within the National Bank’s regulatory sandbox. | nationalbank.kz ↗ |
| 🇰🇿 Kazakhstan (AIFC) | AFSA Stablecoin Framework (Astana International Financial Centre) | En vigor | — | — | Astana Financial Services Authority | AFSA announcement introducing a stablecoin framework in the AIFC; see source for requirements. | afsa.aifc.kz ↗ |
Oriente Medio · 3
| País | Ley / marco | Estado | Aprobada | Vigente | Regulador | Requisitos clave | Fuente oficial |
|---|---|---|---|---|---|---|---|
| 🇦🇪 United Arab Emirates | CBUAE Payment Token Services Regulation | En vigor | 2024 | Per CBUAE Rulebook | Central Bank of the UAE | Licensing for payment token issuance, conversion and custody; dirham-backed tokens for payments onshore. | rulebook.centralbank.ae ↗ |
| 🇦🇪 UAE (Dubai) | VARA Rulebook Annex 1 — Fiat-Referenced Virtual Assets Issuance Rules | En vigor | — | — | Virtual Assets Regulatory Authority (Dubai) | Approval, disclosure and ongoing obligations for issuers of fiat-referenced virtual assets in Dubai. | rulebooks.vara.ae ↗ |
| 🇦🇪 UAE (DIFC) | DFSA Crypto Token regime — Fiat Crypto Tokens (DFSA Rulebook) | En vigor | — | — | Dubai Financial Services Authority | Defines Fiat Crypto Tokens; recognition required for use in DIFC; algorithmic stablecoins prohibited. | dfsaen.thomsonreuters.com ↗ |
África · 2
| País | Ley / marco | Estado | Aprobada | Vigente | Regulador | Requisitos clave | Fuente oficial |
|---|---|---|---|---|---|---|---|
| 🇿🇦 South Africa | FAIS Act declaration of crypto assets as a financial product | En vigor | 2022-10-19 | 2022-10-19 | Financial Sector Conduct Authority (FSCA) | Brings crypto asset financial-service providers under FSCA licensing (applications 1 Jun–30 Nov 2023). Not stablecoin-specific. | www2.fsca.co.za ↗ |
| 🇳🇬 Nigeria | SEC Proposed Rules on Digital and Virtual Asset Operations, Custody and Markets | Consulta | — | — | Securities and Exchange Commission Nigeria | Proposed: stablecoins/asset-referenced tokens may be used in digital asset offerings only if reviewed and approved by the SEC, with disclosures on reserves, custody, redemption and de-peg arrangements. | sec.gov.ng ↗ |
Not yet published (no verified official link found this pass): India, Russia, Israel. No es asesoramiento legal.