#StablecoinLaw StablecoinLaw 1. Key points when mentioning #StablecoinLaw:
• 📜 Legal regulations: Countries like the USA, EU, Japan, Singapore… are building a legal framework to control stablecoins, ensuring transparency and safety in the financial system.
• 🏦 Issuing organizations: The law requires companies issuing stablecoins to ensure collateral assets (reserves) and be under the supervision of a central bank or regulatory authority.
• 💡 Impact on the crypto market: Stablecoins are seen as a bridge between traditional finance and blockchain, so any legal changes will significantly affect the market.
2. Examples:
• USA 🇺🇸: The bill “Clarity for Payment Stablecoins Act” (proposed in 2023) requires stablecoins to be issued by licensed organizations with sufficient reserves.
• EU 🇪🇺: MiCA (Markets in Crypto-Assets) law controls stablecoin activities across the EU, effective from 2024.
• Singapore 🇸🇬: Requires payment stablecoins to have 1:1 backing assets and transparent audits.