Stablecoin supply$306BOct 2026USDT share60%of supplyReal stablecoin payments$390B2025Avg cost to send $2006.36%World BankUPI payments a day802MSep 2026Countries exploring a CBDC146May 2026India remittance inflows$135.46B2024-25Crypto card spend$18B+annualisedBharat Connect bills3.05B2025UK to India cost1.91%Q3 2025UAE to India cost3.72%Q3 2025Visa stablecoin settlement$20B+run rate

Interactive tool · reviewed October 2026

Crypto and stablecoin rules, country by country

Who regulates crypto, which stablecoin laws are in force, where CBDCs stand, how gains are taxed and whether the Travel Rule applies, across 26 jurisdictions. Pick a lens, tap a country, compare up to three side by side.

JurisdictionStablecoinsCryptoCBDC

General information on the legal position as reported by regulators and official sources, reviewed October 2026. Rules change quickly and this is not legal advice; check the regulator's site before acting.

FAQ

Questions people ask about crypto rules

Which countries have a stablecoin law in 2026?

The EU (MiCA), Hong Kong (Stablecoins Ordinance), Japan, Singapore and the UAE have stablecoin rules in force. The US passed the GENIUS Act in July 2025 and the UK has final rules, both taking full effect in 2027.

Is crypto legal in India?

Yes. Crypto is legal and taxed at a flat 30% with 1% TDS on transfers, and exchanges must register with FIU-IND under anti-money-laundering law. India does not yet have a comprehensive crypto or stablecoin law.

Which countries have launched a CBDC?

Three have fully launched a retail CBDC: the Bahamas (Sand Dollar), Jamaica (JAM-DEX) and Nigeria (eNaira). China, India, the euro area and many others are in pilot or development.

What is the crypto Travel Rule?

It is the FATF requirement that crypto firms pass sender and recipient details along with transfers, as banks do for wires. The EU applies it to every transfer, the US above $3,000 and Dubai above AED 3,500.

RegulationThe rules that made stablecoins grow up
  1. EUMiCA stablecoin rules apply
  2. UAECentral bank payment token rules
  3. USGENIUS Act signed
  4. Hong KongStablecoins Ordinance in force
  5. Hong KongFirst issuer licences
  6. EUMiCA transition ends
  7. USGENIUS Act fully in effect

Source EU MiCA; Central Bank of the UAE; US Congress; HKMA; 2026 implementation updates.

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