Regulation
Regimes (whole frameworks), the instruments within them (consultations, policy statements, rules) and firm-specific permissions. Summaries are our own words; follow the sources for the legal text.
126 of 126 instruments. Asset class comes from the deployments that rely on each instrument.
| Name | Kind | Jurisdiction | Type | Status | Effective | Deployments |
|---|---|---|---|---|---|---|
| FCA Handbook CASS 16: Stablecoin backing assets FCA Client Assets Sourcebook (CASS) | Instrument | United Kingdom | Regulator rule or rulebook | Final, not yet in force | 25 Oct 2027 | 0 |
| FCA Handbook CASS 17: Cryptoasset custody FCA Client Assets Sourcebook (CASS) | Instrument | United Kingdom | Regulator rule or rulebook | Final, not yet in force | 25 Oct 2027 | 0 |
| FCA PS26/10: Stablecoin issuance UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Policy statement (final rules) | Final, not yet in force | 25 Oct 2027 | 0 |
| FCA PS26/11: Regulated cryptoasset activities UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Policy statement (final rules) | Final, not yet in force | 25 Oct 2027 | 0 |
| FCA PS26/12: A prudential regime for cryptoasset firms UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Policy statement (final rules) | Final, not yet in force | 25 Oct 2027 | 0 |
| FCA PS26/13: Application of the FCA Handbook for Regulated Cryptoasset Activities UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Policy statement (final rules) | Final, not yet in force | 25 Oct 2027 | 0 |
| FCA PS26/9: Admissions and Disclosures (A&D) and Market Abuse Regime for Cryptoassets (MARC) UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Policy statement (final rules) | Final, not yet in force | 25 Oct 2027 | 0 |
| UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Regime | United Kingdom | Primary legislation | Final, not yet in force | 25 Oct 2027 | 0 |
| The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 (SI 2026/102) UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Statutory instrument (secondary legislation) | Final, not yet in force | 25 Oct 2027 | 0 |
| Regulation (EU) 2025/2075 amending CSDR to shorten the settlement cycle to T+1 Central Securities Depositories Regulation (CSDR), Regulation (EU) No 909/2014 | Instrument | European Union | Primary legislation | Final, not yet in force | 11 Oct 2027 | 0 |
| Corporations Amendment (Digital Assets Framework) Act 2026 (No. 38, 2026)New Australian financial services law for digital assets (Corporations Act, ASIC INFO 225 and the Digital Assets Framework Act) | Instrument | Australia | Primary legislation | Final, not yet in force | Apr 2027 | 0 |
| OCC proposed rule implementing the GENIUS Act for stablecoin issuers under OCC jurisdictionUpdated 7 Nov GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) | Instrument | United States | Regulator rule or rulebook | Final, not yet in force | 18 Jan 2027 | 0 |
| GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) | Regime | United States | Primary legislation | Final, not yet in force | 18 Jan 2027 | 0 |
| FCA direction: cryptoasset authorisation application period (savings provision) UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Guidance | In force | 30 Sep 2026 | 0 |
| Stablecoin Certification Review Committee interim final rule: forms and procedures for reviewing state certifications (FR Doc. 2026-19966) GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) | Instrument | United States | Regulator rule or rulebook | In force | 30 Sep 2026 | 0 |
| Digital Securities Sandbox Gate 2 approval notice: ClearToken CSD Limited (Digital Securities Depository) Digital Securities Sandbox (UK) | Permission | United Kingdom | Sandbox admission or approval notice | In force | 18 Sep 2026 | 1 |
| SEC order granting temporary conditional exemptive relief for trading of tokenised NMS stock on Tokenized Securities Venues (Release No. 34-106402, the Innovation Exemption)Updated 14 Oct SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief) | Instrument | United States | Exemptive order | In force | 17 Sep 2026 | 0 |
| Digital Securities Sandbox Gate 2 approval notice: HSBC Bank plc (Digital Securities Depository) Digital Securities Sandbox (UK) | Permission | United Kingdom | Sandbox admission or approval notice | In force | 13 Jul 2026 | 2 |
| NYDFS limited purpose trust charter: Circle Internet Trust Company (Circle New York Trust) New York virtual currency regime (BitLicense, 23 NYCRR Part 200, and limited purpose trust charters) | Permission | New York | Licence or charter | In force | Jul 2026 | 0 |
| SFC authorisation of the Baillie Gifford Enhanced Yield Fund for Hong Kong professional investors SFC framework for tokenised securities and tokenised SFC-authorised investment products | Permission | Hong Kong | Product or firm authorisation | In force | Jul 2026 | 1 |
| FCA rule modifications for the Baillie Gifford Enhanced Yield Fund | Permission | United Kingdom | Firm-specific rule modification or waiver | In force | Jun 2026 | 1 |
| FCA fund tokenisation framework (authorised funds, COLL)Updated 14 Oct | Regime | United Kingdom | Guidance | In force | 30 Apr 2026 | 0 |
| FCA PS26/7: Progressing fund tokenisation FCA fund tokenisation framework (authorised funds, COLL) | Instrument | United Kingdom | Policy statement (final rules) | In force | 30 Apr 2026 | 0 |
| SFC Circular on secondary trading of tokenised SFC-authorised investment products (26EC23) SFC framework for tokenised securities and tokenised SFC-authorised investment products | Instrument | Hong Kong | Guidance | In force | 20 Apr 2026 | 0 |
| SFC Circular on tokenisation of SFC-authorised investment products (26EC22) SFC framework for tokenised securities and tokenised SFC-authorised investment products | Instrument | Hong Kong | Guidance | In force | 20 Apr 2026 | 0 |
| NYSE rule change enabling trading of tokenised securities (SR-NYSE-2026-17) SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief) | Permission | United States | Regulator rule or rulebook | In force | 17 Apr 2026 | 1 |
| HKMA stablecoin issuer licences FRS01 (Anchorpoint Financial) and FRS02 (HSBC) Hong Kong Stablecoins Ordinance (Cap. 656) | Permission | Hong Kong | Licence or charter | In force | 10 Apr 2026 | 2 |
| SEC order approving Nasdaq trading of securities in tokenised form (SR-NASDAQ-2025-072) SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief) | Permission | United States | Regulator rule or rulebook | In force | 18 Mar 2026 | 1 |
| FDIC, Federal Reserve and OCC FAQs on the capital treatment of tokenised securities US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activities | Instrument | United States | Guidance | In force | 5 Mar 2026 | 0 |
| SEC staff Statement on Tokenized Securities (Divisions of Corporation Finance, Investment Management, and Trading and Markets) SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief) | Instrument | United States | Guidance | In force | 28 Jan 2026 | 0 |
| SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief) | Regime | United States | Guidance | In force | 28 Jan 2026 | 0 |
| Federal Reserve Policy Statement on Section 9(13) of the Federal Reserve Act (2025) US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activities | Instrument | United States | Policy statement (final rules) | In force | 17 Dec 2025 | 0 |
| OCC national trust bank charters for digital asset firms (December 2025 cohort) US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activities | Permission | United States | Licence or charter | In force | 12 Dec 2025 | 2 |
| ASIC Corporations (Stablecoin and Wrapped Token Relief) Instrument 2025/867New Australian financial services law for digital assets (Corporations Act, ASIC INFO 225 and the Digital Assets Framework Act) | Instrument | Australia | Exemptive order | In force | 8 Dec 2025 | 1 |
| CFTC Staff Letter 25-39: guidance on tokenised collateral in derivatives markets CFTC tokenised collateral and digital-asset margin framework (staff guidance and pilot programme) | Instrument | United States | Guidance | In force | 8 Dec 2025 | 0 |
| CFTC Staff Letter 25-40 (reissued as 26-05): no-action position for FCMs accepting digital assets and payment stablecoins as margin CFTC tokenised collateral and digital-asset margin framework (staff guidance and pilot programme) | Instrument | United States | No-action relief | In force | 8 Dec 2025 | 0 |
| CFTC tokenised collateral and digital-asset margin framework (staff guidance and pilot programme)Updated 14 Oct | Regime | United States | Guidance | In force | 8 Dec 2025 | 0 |
| SEC no-action relief for the DTC Tokenization Service SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief) | Permission | United States | No-action relief | In force | Dec 2025 | 3 |
| FCA authorisation and cryptoasset registration: ClearToken Depository Limited | Permission | United Kingdom | Product or firm authorisation | In force | Nov 2025 | 1 |
| Digital Securities Sandbox Gate 1 approval notice: J.P. Morgan Securities plc Digital Securities Sandbox (UK) | Permission | United Kingdom | Sandbox admission or approval notice | In force | 2 Oct 2025 | 0 |
| Digital Securities Sandbox Gate 1 approval notice: LSEG B3 Limited Digital Securities Sandbox (UK) | Permission | United Kingdom | Sandbox admission or approval notice | In force | 1 Aug 2025 | 0 |
| Hong Kong Stablecoins Ordinance (Cap. 656) | Regime | Hong Kong | Primary legislation | In force | 1 Aug 2025 | 2 |
| Digital Securities Sandbox Gate 1 approval notice: Tradeweb Europe Limited Digital Securities Sandbox (UK) | Permission | United Kingdom | Sandbox admission or approval notice | In force | 30 Jul 2025 | 0 |
| Singapore digital token service provider regime (Financial Services and Markets Act 2022, Part 9)Updated 14 Oct | Regime | Singapore | Primary legislation | In force | 30 Jun 2025 | 0 |
| VARA Virtual Asset Issuance Rulebook (Version 2.0, 19 May 2025) Dubai Virtual Assets and Related Activities Regulations 2023 (VARA regime) | Instrument | United Arab Emirates | Regulator rule or rulebook | In force | 19 Jun 2025 | 0 |
| OCC Interpretive Letter 1184: crypto-asset custody, execution and outsourcing US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activities | Instrument | United States | Interpretive letter | In force | 7 May 2025 | 0 |
| Federal Reserve withdrawal of crypto-asset and dollar-token guidance (SR 22-6 and SR 23-8) US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activities | Instrument | United States | Guidance | In force | 24 Apr 2025 | 0 |
| Digital Securities Sandbox Gate 1 approval notice: Euroclear UK & International Limited Digital Securities Sandbox (UK) | Permission | United Kingdom | Sandbox admission or approval notice | In force | 28 Mar 2025 | 0 |
| FINMA licence for BX Digital AG as a DLT trading facilityNew Swiss DLT Act (Federal Act on the Adaptation of Federal Law to Developments in Distributed Ledger Technology) | Permission | Switzerland | Licence or charter | In force | 18 Mar 2025 | 1 |
| OCC Interpretive Letter 1183: bank authority for crypto custody, stablecoin and node activities US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activities | Instrument | United States | Interpretive letter | In force | 7 Mar 2025 | 0 |
| US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activities | Regime | United States | Guidance | In force | 7 Mar 2025 | 0 |
| SEC Staff Accounting Bulletin No. 122 (rescission of SAB 121) SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief) | Instrument | United States | Guidance | In force | 30 Jan 2025 | 0 |
| EU DLT Pilot Regime specific permissions (ESMA list of authorised DLT market infrastructures)New EU DLT Pilot Regime | Permission | European Union | Product or firm authorisation | In force | 11 Oct 2024 | 4 |
| FINMA Guidance 06/2024: Stablecoins, risks and challenges for issuers and guaranteeing banks | Instrument | Switzerland | Guidance | In force | 26 Jul 2024 | 0 |
| Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114 | Regime | European Union | Primary legislation | In force | 30 Jun 2024 | 19 |
| NYDFS limited purpose trust charter: WisdomTree Digital Trust Company New York virtual currency regime (BitLicense, 23 NYCRR Part 200, and limited purpose trust charters) | Permission | New York | Licence or charter | In force | Mar 2024 | 1 |
| Digital Securities Sandbox (UK)Updated 14 Oct | Regime | United Kingdom | Sandbox or pilot regime | In force | 8 Jan 2024 | 2 |
| The Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023 (SI 2023/1398) Digital Securities Sandbox (UK) | Instrument | United Kingdom | Statutory instrument (secondary legislation) | In force | 8 Jan 2024 | 0 |
| SFC framework for tokenised securities and tokenised SFC-authorised investment products | Regime | Hong Kong | Guidance | In force | 2 Nov 2023 | 0 |
| SFC Circular on tokenisation of SFC-authorised investment products (23EC53) SFC framework for tokenised securities and tokenised SFC-authorised investment products | Instrument | Hong Kong | Guidance | Repealed | 2 Nov 2023 | 0 |
| SFC Circular on intermediaries engaging in tokenised securities-related activities (23EC52) SFC framework for tokenised securities and tokenised SFC-authorised investment products | Instrument | Hong Kong | Guidance | In force | 2 Nov 2023 | 0 |
| CSA interim approach to value-referenced crypto assets (CSA Staff Notice 21-333)New | Regime | Canada | Guidance | In force | 5 Oct 2023 | 1 |
| Japan Payment Services Act stablecoin framework (electronic payment instruments)Updated 18 Oct | Regime | Japan | Primary legislation | In force | Jun 2023 | 4 |
| EU DLT Pilot RegimeUpdated 14 Oct | Regime | European Union | Primary legislation | In force | 23 Mar 2023 | 5 |
| Wyoming Stable Token Act (W.S. 40-31-101 to 40-31-109)New | Regime | Wyoming | Primary legislation | In force | 17 Mar 2023 | 1 |
| NYDFS Industry Letter: Guidance on the Issuance of U.S. Dollar-Backed Stablecoins (8 June 2022) New York virtual currency regime (BitLicense, 23 NYCRR Part 200, and limited purpose trust charters) | Instrument | New York | Guidance | In force | 8 Jun 2022 | 0 |
| FINMA licences for SIX Digital Exchange AG (central securities depository) and SDX Trading AG (stock exchange) | Permission | Switzerland | Licence or charter | In force | 10 Sep 2021 | 9 |
| Swiss DLT Act (Federal Act on the Adaptation of Federal Law to Developments in Distributed Ledger Technology)Updated 18 Oct | Regime | Switzerland | Primary legislation | In force | 1 Aug 2021 | 2 |
| Electronic Securities Act (eWpG), GermanyUpdated 14 Oct | Regime | Germany | Primary legislation | In force | 10 Jun 2021 | 6 |
| Japan security token rules under the Financial Instruments and Exchange Act (2019 amendment)Updated 14 Oct | Regime | Japan | Primary legislation | In force | 1 May 2020 | 5 |
| NYDFS limited purpose trust charter: Gemini Trust Company New York virtual currency regime (BitLicense, 23 NYCRR Part 200, and limited purpose trust charters) | Permission | New York | Licence or charter | In force | Oct 2015 | 1 |
| New York virtual currency regime (BitLicense, 23 NYCRR Part 200, and limited purpose trust charters)Updated 18 Oct | Regime | New York | Regulator rule or rulebook | In force | 24 Jun 2015 | 0 |
| ADGM FSRA regulatory framework for Fiat-Referenced TokensUpdated 18 Oct | Regime | Abu Dhabi Global Market (ADGM) | Regulator rule or rulebook | In force | — | 0 |
| CBUAE Payment Token Services RegulationUpdated 14 Oct | Regime | United Arab Emirates | Regulator rule or rulebook | In force | — | 2 |
| Dubai Virtual Assets and Related Activities Regulations 2023 (VARA regime)Updated 14 Oct | Regime | United Arab Emirates | Primary legislation | In force | — | 2 |
| ASIC CP 392: Digital asset law reform implementation: Proposed standards and guidanceNew Australian financial services law for digital assets (Corporations Act, ASIC INFO 225 and the Digital Assets Framework Act) | Instrument | Australia | Consultation paper | Consultation open | — | 0 |
| Australian financial services law for digital assets (Corporations Act, ASIC INFO 225 and the Digital Assets Framework Act)New | Regime | Australia | Guidance | In force | — | 3 |
| Australian payment service provider licensing reform (stored value facilities and tokenised stored value facilities)New | Regime | Australia | Primary legislation | Proposed | — | 0 |
| Bank of England consultation paper: Proposed regulatory regime for sterling-denominated systemic stablecoins Bank of England regime for sterling-denominated systemic stablecoins | Instrument | United Kingdom | Consultation paper | Consultation closed | — | 0 |
| Bank of England and FCA approach to joint regulation of systemic stablecoin issuers Bank of England regime for sterling-denominated systemic stablecoins | Instrument | United Kingdom | Guidance | Final, not yet in force | — | 0 |
| Bank of England policy statement and draft Systemic Stablecoin Issuer Code of Practice (June 2026) Bank of England regime for sterling-denominated systemic stablecoins | Instrument | United Kingdom | Policy statement (final rules) | Consultation closed | — | 0 |
| Bank of England regime for sterling-denominated systemic stablecoins | Regime | United Kingdom | Regulator rule or rulebook | Consultation closed | — | 0 |
| Canada Stablecoin Act (Budget 2025 Implementation Act, No. 1, S.C. 2026, c. 3, s. 600)New | Regime | Canada | Primary legislation | Final, not yet in force | — | 0 |
| CFTC advance notice: Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets (91 FR 64811)New Digital Asset Market Clarity Act (CLARITY Act), H.R. 3633 | Instrument | United States | Proposed rule | Consultation open | — | 0 |
| Swiss amendment to the Financial Institutions Act on payment instrument institutions, stablecoins and crypto-institutions | Regime | Switzerland | Primary legislation | Consultation open | — | 0 |
| DFSA Tokenisation Regulatory Sandbox (DIFC)Updated 14 Oct | Regime | Dubai International Financial Centre (DIFC) | Sandbox or pilot regime | In force | — | 0 |
| ESMA report on the functioning of the DLT Pilot Regime (June 2025) EU DLT Pilot Regime | Instrument | European Union | Guidance | Final, not yet in force | — | 0 |
| ESMA list of MiCA grandfathering periods (Article 143(3)) Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114 | Instrument | European Union | Guidance | Expired | — | 0 |
| Amendment to Commission Delegated Regulation (EU) 2018/1229 (CSDR settlement discipline RTS) for T+1 Central Securities Depositories Regulation (CSDR), Regulation (EU) No 909/2014 | Instrument | European Union | Technical standard (RTS/ITS) | Proposed | — | 0 |
| Central Securities Depositories Regulation (CSDR), Regulation (EU) No 909/2014 | Regime | European Union | Primary legislation | In force | — | 0 |
| EU market integration and supervision package (COM(2025) 940-943) EU DLT Pilot Regime | Instrument | European Union | Primary legislation | Proposed | — | 0 |
| MiCA e-money token issuers notified on ESMA's interim register (selected holders)New Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114 | Permission | European Union | Product or firm authorisation | In force | — | 18 |
| Commission Implementing Regulation (EU) 2024/2984 on MiCA white paper forms and formats Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114 | Instrument | European Union | Technical standard (RTS/ITS) | In force | — | 0 |
| European Commission consultation on the review of MiCA (2026) Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114 | Instrument | European Union | Consultation paper | Consultation closed | — | 0 |
| Commission Delegated Regulation (EU) 2025/1264: RTS on liquidity management policy for ART and EMT issuers Markets in Crypto-Assets Regulation (MiCA), Regulation (EU) 2023/1114 | Instrument | European Union | Technical standard (RTS/ITS) | In force | — | 0 |
| FCA Handbook CASS 6: Custody rules FCA Client Assets Sourcebook (CASS) | Instrument | United Kingdom | Regulator rule or rulebook | In force | — | 0 |
| FCA Client Assets Sourcebook (CASS) | Regime | United Kingdom | Regulator rule or rulebook | In force | — | 0 |
| FCA CP25/14: Stablecoin issuance and cryptoasset custody UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Consultation paper | Consultation closed | — | 0 |
| FCA CP25/15: A prudential regime for cryptoasset firms UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Consultation paper | Consultation closed | — | 0 |
| FCA CP25/25: Application of FCA Handbook for Regulated Cryptoasset Activities UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Consultation paper | Consultation closed | — | 0 |
| FCA CP25/28: Progressing fund tokenisation FCA fund tokenisation framework (authorised funds, COLL) | Instrument | United Kingdom | Consultation paper | Consultation closed | — | 0 |
| FCA CP25/40: Regulating cryptoasset activities UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Consultation paper | Consultation closed | — | 0 |
| FCA CP25/41: Regulating cryptoassets: Admissions & disclosures and market abuse regime for cryptoassets UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Consultation paper | Consultation closed | — | 0 |
| FCA CP25/42: A prudential regime for cryptoasset firms UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Consultation paper | Consultation closed | — | 0 |
| FCA CP26/13: Cryptoasset perimeter guidance UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Consultation paper | Consultation closed | — | 0 |
| FCA CP26/4: Application of FCA Handbook for regulated cryptoasset activities - part 2 UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Consultation paper | Consultation closed | — | 0 |
| FCA PS26/18: Cryptoasset perimeter guidance UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Policy statement (final rules) | Final, not yet in force | — | 0 |
| FDIC proposed rule: approval requirements for payment stablecoin issuance by subsidiaries of FDIC-supervised banks GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) | Instrument | United States | Proposed rule | Consultation open | — | 0 |
| FDIC proposed rule: GENIUS Act requirements and standards for FDIC-supervised stablecoin issuers and insured banks GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) | Instrument | United States | Proposed rule | Consultation open | — | 0 |
| Federal Reserve Board proposals on a GENIUS Act framework for Board-supervised payment stablecoin issuers GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) | Instrument | United States | Proposed rule | Consultation open | — | 0 |
| FinCEN and OFAC proposed rule: AML and sanctions compliance programme requirements for payment stablecoin issuers GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) | Instrument | United States | Proposed rule | Consultation open | — | 0 |
| Hong Kong licensing regimes for virtual asset dealing and custodian service providers (AMLO amendment, proposed)New | Regime | Hong Kong | Primary legislation | Consultation closed | — | 0 |
| Japan: Act Partially Amending the Financial Instruments and Exchange Act and the Payment Services Act (2026), moving crypto-asset regulation into the FIEA | Instrument | Japan | Primary legislation | Final, not yet in force | — | 0 |
| Korea Digital Asset Basic Act (bill, including won stablecoin issuance)New | Regime | South Korea | Primary legislation | Proposed | — | 0 |
| MAS Consultation Paper on Proposed Amendments to the Payment Services Act 2019 for Stablecoins Regulation (September 2026) MAS single-currency stablecoin (SCS) regulatory framework | Instrument | Singapore | Consultation paper | Consultation closed | — | 0 |
| NYDFS proposed 23 NYCRR Part 202: Authorized Payment Stablecoin IssuersUpdated 18 Oct New York virtual currency regime (BitLicense, 23 NYCRR Part 200, and limited purpose trust charters) | Instrument | New York | Proposed rule | Consultation closed | — | 0 |
| NYDFS limited purpose trust charter: Standard Custody & Trust Company (Ripple) New York virtual currency regime (BitLicense, 23 NYCRR Part 200, and limited purpose trust charters) | Permission | New York | Licence or charter | In force | — | 1 |
| SEC proposed Adviser and Regulated Fund Custody Rules; Crypto Custody Rules (Release Nos. IA-7023, IC-36353, File No. S7-2026-35) SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief) | Instrument | United States | Proposed rule | Consultation open | — | 0 |
| SEC proposed Regulation Crypto Assets (Release No. 33-11434, File No. S7-2026-27)Updated 8 Nov SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief) | Instrument | United States | Proposed rule | Consultation closed | — | 0 |
| SEC proposed Transfer Agent Rules (Release No. 34-106246, File No. S7-2026-30)Updated 8 Nov SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief) | Instrument | United States | Proposed rule | Consultation closed | — | 0 |
| MAS single-currency stablecoin (SCS) regulatory framework | Regime | Singapore | Policy statement (final rules) | Final, not yet in force | — | 1 |
| US Treasury advance notice of proposed rulemaking on GENIUS Act implementation GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) | Instrument | United States | Consultation paper | Consultation open | — | 0 |
| US Treasury proposed rule: GENIUS Act regulations on payment stablecoin issuance, offer and sale (FR Doc. 2026-16796) GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) | Instrument | United States | Proposed rule | Consultation open | — | 0 |
| US Treasury proposed rule: principles for whether a state stablecoin regime is substantially similar to the federal framework GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) | Instrument | United States | Proposed rule | Consultation open | — | 0 |
| The Financial Services and Markets Act 2000 (Cryptoassets) (Miscellaneous Amendments) Regulations 2026 UK cryptoasset regulatory regime (FSMA cryptoasset activities) | Instrument | United Kingdom | Statutory instrument (secondary legislation) | Proposed | — | 0 |
| Digital Asset Market Clarity Act (CLARITY Act), H.R. 3633 | Regime | United States | Primary legislation | Proposed | — | 0 |