Policy Events Tracked: 18
Jurisdictions Covered: 10
Last Updated: February 26, 2026
Q: Which APAC jurisdiction has the most progressive stablecoin regulation framework?
A: Based on our policy tracking, Singapore and Hong Kong lead in stablecoin regulation regulatory clarity. See the comparison below for details.
Q: What are the key trends in stablecoin regulation across Asia-Pacific?
A: We've tracked 18 policy events across 10 jurisdictions. Major trends include regulatory harmonization efforts and increasing institutional adoption frameworks.
Q: How can I compare stablecoin regulation requirements across jurisdictions?
A: Use our policy tracker to filter by topic and compare requirements side-by-side. Links to each jurisdiction below.
Central Bank of Brazil announces plan to advance institutional VASP (Virtual Asset Service Provider) regulatory framework by 2027. Focus on organizations operating crypto infrastructure and providing services to other institutions. Part of broader regulatory push following MERGE São Paulo 2026 discussions.
Pakistan Virtual Assets Regulatory Authority (PVARA) officially launches its Regulatory Sandbox for virtual assets. The sandbox creates a live, supervised environment for testing real-world use cases including tokenization, stablecoins, and other digital asset applications. Full guidelines expected soon. Marks significant progress since PVARA Chairman addressed Consensus HK on Feb 12.
White House gives crucial nod to stablecoin rewards provision, marking pivotal shift in US crypto regulation. The CLARITY Act gains momentum with rare alignment between lawmakers and regulators on crypto market structure.
CFTC Chair Michael Selig confirms CLARITY Act is close to becoming law. SEC Chair Paul Atkins supports the bill, describing joint SEC-CFTC effort 'Project Crypto.' Senate Agriculture Committee passed related version in January 2026. Fairshake PAC holds $193M for 2026 midterms. Banking industry opposition to stablecoin yield loopholes continues but momentum remains strong.
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.
Japan quietly becomes APAC's top local (non-USD) stablecoin market. Aggregate APAC local stablecoin supply rebounded from $40M low in mid-2025 to nearly $58-60M by early 2026. Marks significant shift in where non-USD stablecoin activity concentrates, supported by Japan's progressive regulatory framework.
Industry groups warn Congress that removing certain exemptions from CLARITY Act would stifle domestic innovation and undermine dollar dominance. Treasury Secretary Bessent accuses some firms of preferring no bill to compromise.
Treasury Secretary Bessent tells Reuters the CLARITY Act should pass this spring to give 'great comfort to the market' amid volatility. Warns some crypto industry players resisting 'very good regulation.'
The Economist reports Asia is turning stablecoins into banking infrastructure, with freelancers in Lahore and Manila using smartphones as crypto banks. Regulatory clarity in Hong Kong and UAE positioning them as global leaders.
Treasury Secretary Bessent warns that Coinbase stance is blocking major stablecoin legislation. CLARITY Act needs to pass for crypto to 'remain viable.' Bipartisan support expected but disputes over stablecoin rewards and regulatory scope delaying markup.