# Stablecoin Laws by Country โ€” MiCA, GENIUS Act & More | StableRadar > Stablecoin laws and regulations by country with official links only: EU MiCA stablecoin rules, US GENIUS Act, UK, Hong Kong, Singapore, Japan, UAE. Canonical: https://stableradar.com/regulation/laws Generated: 2026-10-26T08:33:26.564Z (live figures are a snapshot at build time; see the canonical page for current values) # Stablecoin Laws REFERENCE ยท official government / regulator sources ยท as of 2026-10-26 **In short:** StableRadar tracks 29 stablecoin laws and frameworks in 27 jurisdictions: 22 enacted or in force, the rest pending, proposed or in consultation. Examples: the US GENIUS Act (signed 18 Jul 2025) and the EU MiCA regulation. Every entry links to an official government or regulator source (as of 2026-10-26). Enacted and pending stablecoin laws and frameworks. Each entry links to an official source; entries without one are not published. Americas ยท 8 | Country | Law / framework | Status | Passed | Effective | Regulator | Key requirements | Official source | | --- | --- | --- | --- | --- | --- | --- | --- | | **๐Ÿ‡บ๐Ÿ‡ธ United States** | **GENIUS Act (S.1582)** | Enacted | 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 โ†—](https://www.congress.gov/bill/119th-congress/senate-bill/1582) | | **๐Ÿ‡บ๐Ÿ‡ธ United States** | **STABLE Act (H.R.2392)** | Pending | Introduced 2025 | โ€” | โ€” | House stablecoin bill; legislative status per Congress.gov. | [congress.gov โ†—](https://www.congress.gov/bill/119th-congress/house-bill/2392) | | **๐Ÿ‡ง๐Ÿ‡ฒ Bermuda** | **Digital Asset Business Act 2018 (DABA)** | In force | 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 โ†—](https://www.bermudalaws.bm/Laws/Consolidated%20Law/2018/Digital%20Asset%20Business%20Act%202018) | | **๐Ÿ‡ฆ๐Ÿ‡ท Argentina** | **CNV General Resolution 994/2024 โ€” PSAV register** | In force | 2024 | 2024 | Comisiรณn Nacional de Valores | Registration regime for virtual asset service providers (PSAV); not a stablecoin-specific issuance law. | [argentina.gob.ar โ†—](https://www.argentina.gob.ar/normativa/nacional/resoluci%C3%B3n-994-2024-397598/texto) | | **๐Ÿ‡ง๐Ÿ‡ธ Bahamas** | **Digital Assets and Registered Exchanges Act, 2024 (DARE 2024)** | Enacted | Passed 2024 (Securities Commission release 30 Jul 2024) | โ€” | 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 โ†—](https://scb.gov.bs/wp-content/uploads/2025/11/Media-Release-The-Bahamas-Introduces-Transformative-Digital-Asset-Legislation-The-DARE-Act-2024.pdf) | | **๐Ÿ‡ง๐Ÿ‡ท Brazil** | **Banco Central Resolutions BCB 519/520/521 (virtual asset services; FX treatment)** | In force | 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 โ†—](https://www.bcb.gov.br/estabilidadefinanceira/exibenormativo?numero=521&tipo=Resolu%C3%A7%C3%A3o) | | **๐Ÿ‡จ๐Ÿ‡ฆ Canada** | **Stablecoin Act (Division 45, Bill C-15, Budget 2025 Implementation Act, No. 1)** | Enacted | 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 โ†—](https://www.canada.ca/en/department-finance/programs/financial-sector-policy/canadas-stablecoin-framework.html) | | **๐Ÿ‡ธ๐Ÿ‡ป El Salvador** | **Regulations for Issuance of Stablecoin Public Offerings (Digital Assets Issuance Law)** | In force | 11 Jul 2023 (regulation date) | โ€” | CNAD (National Commission of Digital Assets) | Issuer registration with reserve, issuance/redemption and technology disclosures; CNAD publishes stablecoins eligible for trading. | [cnad.gob.sv โ†—](https://cnad.gob.sv/wp-content/uploads/2024/04/2023.07.11-Reglamento-Monedas-Estables-ENG.pdf) | Europe ยท 5 | Country | Law / framework | Status | Passed | Effective | Regulator | Key requirements | Official source | | --- | --- | --- | --- | --- | --- | --- | --- | | **๐Ÿ‡ช๐Ÿ‡บ European Union** | **Markets in Crypto-Assets Regulation (EU) 2023/1114 (MiCA)** | In force | 31 May 2023 | Titles IIIโ€“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 โ†—](https://eur-lex.europa.eu/eli/reg/2023/1114/oj) | | **๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom** | **Financial Services and Markets Act 2023 (enabling powers for stablecoin regime)** | Enacted | 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 โ†—](https://www.legislation.gov.uk/ukpga/2023/29/contents) | | **๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom** | **FCA CP25/14 โ€” Stablecoin issuance and cryptoasset custody** | Consultation | Published May 2025 | โ€” | FCA | Proposed rules for UK qualifying stablecoin issuers (backing assets, redemption) and custody. | [fca.org.uk โ†—](https://www.fca.org.uk/publications/consultation-papers/cp25-14-stablecoin-issuance-cryptoasset-custody) | | **๐Ÿ‡น๐Ÿ‡ท Turkey** | **Law No. 7518 amending Capital Markets Law (crypto asset service providers)** | In force | 2024-06-26 | 2024-07-02 | Capital Markets Board (SPK) | Crypto asset service providers need CMB permission; CMB communiquรฉ of 13 Mar 2025 sets licensing and operating rules. No stablecoin-specific issuance regime. | [resmigazete.gov.tr โ†—](https://resmigazete.gov.tr/eskiler/2024/07/20240702-1.htm) | | **๐Ÿ‡จ๐Ÿ‡ญ Switzerland** | **FINMA Guidance 06/2024 โ€” Stablecoins: risks and requirements for issuers and guarantee banks** | In force | 26 Jul 2024 | โ€” | FINMA | Supervisory guidance on stablecoin issuers (AML, deposit/banking licence questions) and default-guarantee arrangements with banks. | [finma.ch โ†—](https://www.finma.ch/en/~/media/finma/dokumente/dokumentencenter/myfinma/4dokumentation/finma-aufsichtsmitteilungen/20240726-finma-aufsichtsmitteilung-06-2024.pdf?hash=03D675C1247EAFAE0C391363A2F18B9A&sc_lang=en) | Asia-Pacific ยท 11 | Country | Law / framework | Status | Passed | Effective | Regulator | Key requirements | Official source | | --- | --- | --- | --- | --- | --- | --- | --- | | **๐Ÿ‡ธ๐Ÿ‡ฌ Singapore** | **MAS Stablecoin Regulatory Framework** | Framework finalised | 15 Aug 2023 | โ€” | MAS | Single-currency stablecoins issued in Singapore: reserve backing, redemption at par within 5 business days, capital and disclosure; โ€œMAS-regulated stablecoinโ€ label. | [mas.gov.sg โ†—](https://www.mas.gov.sg/news/media-releases/2023/mas-finalises-stablecoin-regulatory-framework) | | **๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong** | **Stablecoins Ordinance (Cap. 656)** | In force | May 2025 | 1 Aug 2025 | HKMA | Licensing of fiat-referenced stablecoin issuers by the HKMA; reserve, redemption and offering restrictions. | [elegislation.gov.hk โ†—](https://www.elegislation.gov.hk/hk/cap656) | | **๐Ÿ‡ฏ๐Ÿ‡ต Japan** | **Payment Services Act amendment (Act No. 61 of 2022) โ€” electronic payment instruments** | In force | Promulgated 10 Jun 2022 | 1 Jun 2023 | FSA | Defines fiat-linked โ€œelectronic payment instrumentsโ€; issuance limited to banks, fund-transfer providers and trust companies; registration of exchange service providers. | [fsa.go.jp โ†—](https://www.fsa.go.jp/en/newsletter/weekly2023/540.html) | | **๐Ÿ‡น๐Ÿ‡ญ Thailand** | **Bank of Thailand stablecoin supervisory policy (BoT news 16/2564)** | In force | 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 โ†—](https://www.bot.or.th/th/news-and-media/news/news-20210319-2.html) | | **๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia** | **POJK 27/2024 โ€” Digital Financial Asset Trading incl. Crypto Assets** | In force | 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 โ†—](https://www.ojk.go.id/id/regulasi/Documents/Pages/POJK-27-2024-AKD-AK/POJK%2027%20Tahun%202024%20Penyelenggaraan%20Perdagangan%20Aset%20Keuangan%20Digital%20Termasuk%20Aset%20Kripto%20AKD%20AK.pdf) | | **๐Ÿ‡ต๐Ÿ‡ญ Philippines** | **BSP Circular No. 1108 (2021) โ€” Guidelines for Virtual Asset Service Providers** | In force | 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 โ†—](https://www.bsp.gov.ph/Regulations/Issuances/2021/1108.pdf) | | **๐Ÿ‡ฆ๐Ÿ‡บ Australia** | **Payments licensing reforms โ€” tokenised stored-value facilities (Tranche 1 draft legislation)** | Consultation | Draft released (Treasury page updated 12 Mar 2026) | โ€” | 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 โ†—](https://treasury.gov.au/policy-topics/banking-and-finance/payments-licensing-reforms) | | **๐Ÿ‡ฐ๐Ÿ‡ท South Korea** | **Digital Asset Basic Act (โ€œphase 2โ€ virtual asset law) โ€” government review draft** | Pending | Discussed by FSC Virtual Asset Committee 4 Mar 2026 | โ€” | Financial Services Commission | Draft would institutionalise won stablecoins; issuer structure (incl. bank-led 50%+1 option) not finalised per FSC. | [fsc.go.kr โ†—](https://www.fsc.go.kr/no010101/86373) | | **๐Ÿ‡น๐Ÿ‡ผ Taiwan** | **Virtual Asset Service Act** | Enacted | 2026 | โ€” | Financial Supervisory Commission; Central Bank | Statute governing virtual asset services, including stablecoin issuance; see official text for requirements. | [law.fsc.gov.tw โ†—](https://law.fsc.gov.tw/LawContent.aspx?id=GL004301) | | **๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan** | **National Bank regulatory sandbox โ€” tenge stablecoin pilot** | Pilot | โ€” | โ€” | National Bank of Kazakhstan | First tenge-denominated stablecoin launched within the National Bankโ€™s regulatory sandbox. | [nationalbank.kz โ†—](https://nationalbank.kz/en/news/informacionnye-soobshcheniya/17919) | | **๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan (AIFC)** | **AFSA Stablecoin Framework (Astana International Financial Centre)** | In force | โ€” | โ€” | Astana Financial Services Authority | AFSA announcement introducing a stablecoin framework in the AIFC; see source for requirements. | [afsa.aifc.kz โ†—](https://afsa.aifc.kz/astana-financial-services-authority-afsa-introduces-stablecoin-framework/) | Middle East ยท 3 | Country | Law / framework | Status | Passed | Effective | Regulator | Key requirements | Official source | | --- | --- | --- | --- | --- | --- | --- | --- | | **๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emirates** | **CBUAE Payment Token Services Regulation** | In force | 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 โ†—](https://rulebook.centralbank.ae/en/rulebook/payment-token-services-regulation) | | **๐Ÿ‡ฆ๐Ÿ‡ช UAE (Dubai)** | **VARA Rulebook Annex 1 โ€” Fiat-Referenced Virtual Assets Issuance Rules** | In force | โ€” | โ€” | Virtual Assets Regulatory Authority (Dubai) | Approval, disclosure and ongoing obligations for issuers of fiat-referenced virtual assets in Dubai. | [rulebooks.vara.ae โ†—](https://rulebooks.vara.ae/rulebook/annex-1-fiat-referenced-virtual-assets-issuance-rules) | | **๐Ÿ‡ฆ๐Ÿ‡ช UAE (DIFC)** | **DFSA Crypto Token regime โ€” Fiat Crypto Tokens (DFSA Rulebook)** | In force | โ€” | โ€” | Dubai Financial Services Authority | Defines Fiat Crypto Tokens; recognition required for use in DIFC; algorithmic stablecoins prohibited. | [dfsaen.thomsonreuters.com โ†—](https://dfsaen.thomsonreuters.com/entiresection/25791) | Africa ยท 2 | Country | Law / framework | Status | Passed | Effective | Regulator | Key requirements | Official source | | --- | --- | --- | --- | --- | --- | --- | --- | | **๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa** | **FAIS Act declaration of crypto assets as a financial product** | In force | 2022-10-19 | 2022-10-19 | Financial Sector Conduct Authority (FSCA) | Brings crypto asset financial-service providers under FSCA licensing (applications 1 Junโ€“30 Nov 2023). Not stablecoin-specific. | [www2.fsca.co.za โ†—](https://www2.fsca.co.za/News%20Documents/FSCA%20Press%20Release_Declaration%20of%20Crypto%20Assets%20As%20A%20Financial%20Product_20%20October%202022.pdf) | | **๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria** | **SEC Proposed Rules on Digital and Virtual Asset Operations, Custody and Markets** | Consultation | โ€” | โ€” | 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 โ†—](https://www.sec.gov.ng/documents/1503/Proposed_Rules_on_Digital_and_Virtual_Asset_Operations_Custody_and_Markets.pdf) | Not yet published (no verified official link found this pass): India, Russia, Israel. Not legal advice. Last updated: 2026-10-26 ยท Sources: Official government / regulator publications (linked per entry)