Regulatory Regimes
Global stablecoin regulation by jurisdiction
Each jurisdiction is classified by the maturity and scope of its stablecoin legislation — from comprehensive frameworks like MiCA and the GENIUS Act to jurisdictions with no specific stablecoin regulation.
Methodology
How regimes are classified
Comprehensive
Dedicated stablecoin legislation enacted and in force. Covers issuance, reserves, redemption, and distribution. Examples: EU (MiCA), US (GENIUS Act), Japan (PSA Amendment), Singapore (PSA).
Partial
Stablecoins regulated under existing financial services law without a dedicated framework. Issuer licensing may exist but reserve and redemption requirements are incomplete. Examples: Australia, Canada, South Korea.
In Progress
Active consultation, draft legislation, or regulatory sandbox. A dedicated framework is expected but not yet enacted. Examples: UK (FCA framework), Brazil (BCB consultation), India (RBI framework).
None
No specific stablecoin regulation and no active legislative process. Stablecoins may circulate without dedicated oversight. Represents the majority of jurisdictions globally.
Restrictive
Stablecoins explicitly banned or severely restricted. May include broader cryptocurrency bans that encompass stablecoins. Examples: China (comprehensive crypto ban).