# Stablecoin Regulation Tracker — MiCA, GENIUS Act | StableRadar

> Global stablecoin regulation tracker: MiCA, US GENIUS Act, Hong Kong, Singapore, Japan, UAE and more.

Canonical: https://stableradar.com/regulation/tracker
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# Regulatory Tracker REFERENCE · official regulator publications · as of 2026-10-26
Draft → In Force. Each record: source_url, effective_date, last_verified_at. Items marked ‘per TZ’ come from the project spec and are pending independent verification.

#### GENIUS Act Tracker
Enacted

United States

#### GENIUS Act
Federal framework for payment stablecoins: 1:1 reserves, disclosures, licensing.

- Effective **Signed 18 Jul 2025**

- Last verified **2026-10-26**

www.congress.gov ↗

Final Rule

United States

#### OCC final rule implementing GENIUS
Reserves 1:1, segregation, yield prohibition — per TZ, verify at occ.gov.

- Effective **18 Jan 2027 (per TZ)**

- Last verified **per TZ (unverified)**

www.occ.gov ↗

Proposed

United States

#### Treasury / FDIC implementing rules
Additional implementing rulemakings — track at Federal Register.

- Effective **TBD**

- Last verified **2026-10-26**

www.federalregister.gov ↗

#### MiCA & EU
In Force

European Union

#### MiCA Titles III & IV (ART/EMT)
Authorisation, reserve, whitepaper and redemption rules for ARTs and EMTs.

- Effective **30 Jun 2024**

- Last verified **2026-10-26**

eur-lex.europa.eu ↗

In Force

European Union

#### MiCA full application (CASPs)
CASP regime; transitional periods per member state up to 1 Jul 2026.

- Effective **30 Dec 2024**

- Last verified **2026-10-26**

www.esma.europa.eu ↗

Published

European Union

#### ESMA expectations — non-MiCA stablecoins
Supervisory expectations for non-compliant tokens — per TZ.

- Effective **8 Oct 2026 (per TZ)**

- Last verified **per TZ (unverified)**

www.esma.europa.eu ↗

#### National Europe
Consultation

United Kingdom

#### FCA cryptoasset regime
Stablecoin issuance & custody consultations (CP25/14).

- Effective **Final rules pending**

- Last verified **2026-10-26**

www.fca.org.uk ↗

Reported

Netherlands

#### DNB EMI licensing (Qivalis)
Bank consortium EMI licence for euro stablecoin — per TZ.

- Effective **per TZ**

- Last verified **per TZ (unverified)**

www.dnb.nl ↗

#### Asia-Pacific
In Force

Hong Kong

#### Stablecoins Ordinance
HKMA licensing for fiat-referenced stablecoin issuers.

- Effective **1 Aug 2025**

- Last verified **2026-10-26**

www.hkma.gov.hk ↗

Finalised

Singapore

#### MAS SCS framework
Single-currency stablecoin regime: reserves, redemption at par within 5 business days, disclosure.

- Effective **Announced Aug 2023**

- Last verified **2026-10-26**

www.mas.gov.sg ↗

In Force

Japan

#### Payment Services Act (EPI)
Stablecoins as electronic payment instruments; trust-bank/bank issuance.

- Effective **1 Jun 2023**

- Last verified **2026-10-26**

www.fsa.go.jp ↗

In Force

UAE

#### CBUAE Payment Token Services Regulation
Licensing for payment token issuance (AED); VARA for virtual assets in Dubai.

- Effective **2024**

- Last verified **2026-10-26**

www.centralbank.ae ↗

Last updated: 2026-10-26 · Sources: Official government / regulator publications (linked per entry)