Singapore to Seoul: stablecoin rules diverge across Asia

Stablecoin Regulations in Asia: A Divergent Approach

Asia is embracing the stablecoin market, but with a lack of coordination among regulators. From Singapore to Seoul, each country is developing its own set of rules for overseeing US dollar-backed and fiat-pegged digital assets.

Unlike Western regulators, who have been focused on central bank digital currencies and post-FTX damage control, Asian supervisors are taking a pragmatic and experimental approach to stablecoins.

Asia is both forward-looking and deeply fragmented in its approach to stablecoin regulation.

A report highlights the need to tackle scams at their source, and a single list will simplify screening.

Author's summary: Asia's stablecoin regulations are diverging.

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The Banker The Banker — 2025-10-27

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