Policy Events Tracked: 12
Jurisdictions Covered: 6
Last Updated: February 26, 2026
Q: Which APAC jurisdiction has the most progressive crypto licensing framework framework?
A: Based on our policy tracking, Singapore and Hong Kong lead in crypto licensing framework regulatory clarity. See the comparison below for details.
Q: What are the key trends in crypto licensing framework across Asia-Pacific?
A: We've tracked 12 policy events across 6 jurisdictions. Major trends include regulatory harmonization efforts and increasing institutional adoption frameworks.
Q: How can I compare crypto licensing framework requirements across jurisdictions?
A: Use our policy tracker to filter by topic and compare requirements side-by-side. Links to each jurisdiction below.
Crypto.com receives conditional approval from US Office of the Comptroller of the Currency (OCC) for a national trust bank charter. Upon full approval, Crypto.com National Trust Bank will operate as a qualified custodian for digital assets under direct OCC supervision. Significant milestone for institutional crypto custody in US market with implications for APAC operations.
TON Foundation and Banxa (OSL subsidiary) announce partnership to enable stablecoin payments for APAC SMEs using TON blockchain infrastructure. OSL raised $200M in January 2026 for digital asset expansion. Banxa operates under 40+ licenses globally including APAC markets. TON Pay SDK offers sub-second settlement and fees below $0.01.
Hong Kong Securities and Futures Commission (SFC) has approved Victory Fintech for a crypto trading license, signaling renewed momentum in HKs push to become a digital asset hub. This approval continues the citys regulatory progress following the perpetual futures framework announced last week.
Hong Kong SFC establishes comprehensive regulatory framework for cryptocurrency perpetual futures, targeting professional investors only. Framework requires strict disclosure mandates, internal risk management systems, and regular reporting. Exchanges must implement position limits, volatility-based margin requirements, and circuit breakers. Licensed brokers may offer BTC/ETH-collateralized margin products. HKMA confirms first stablecoin licenses in March 2026.
Hong Kong Financial Secretary confirms first stablecoin licenses will be issued in March 2026, as part of the city's push to become a global digital asset hub.
Hong Kong's FSTB confirms comprehensive legislation for virtual asset custodians and dealers by end of 2026.
London-listed IG Group completes acquisition of MAS-licensed Independent Reserve, plans to launch in Singapore, Australia, and UAE in H2 2026.
Brazil's Central Bank VASP licensing effective. Capital requirements BRL 10.8-37.2M. Existing firms get 270-day grace period. Enhanced reporting for cross-border transfers >$100K.
Binance receives FSA approval to resume operations in Japan after 2023 exit.
OKX obtains Major Payment Institution license from MAS for Singapore operations.