đĸ Stablecoin Law 2025: āύāϤā§āύ āϝā§āĻā§āϰ āύāĻŋā§āĻŽ-āĻāĻžāύā§āύ! đđ°
Stablecoin Law (2025) āĻšāϞ āĻāĻāĻāĻŋ āύāϤā§āύ āĻāύā§āϤāϰā§āĻāĻžāϤāĻŋāĻ āĻāĻāύ, āϝāĻž Stablecoin-āĻāϰ issuance āĻāĻŦāĻ operation-āĻāϰ āĻāĻĒāϰ āύāĻŋā§āύā§āϤā§āϰāĻŖ āύāĻŋā§ā§ āĻāϏā§āĻā§ â āĻ
āϰā§āĻĨāĻžā§ āϏā§āĻ āϏāĻŦ cryptocurrency āϝā§āĻā§āϞ⧠fiat currency (āϝā§āĻŽāύ USD, EUR, BDT)-āĻāϰ āϏāĻžāĻĨā§ āĻĒā§āĻ āĻāϰāĻž āĻĨāĻžāĻā§āĨ¤
đ Key Highlights by Region:
đēđ¸ USA (GENIUS Act, 2025):
1:1 fiat-backed reserves āĻŦāĻžāϧā§āϝāϤāĻžāĻŽā§āϞāĻ, yield-bearing stablecoins āύāĻŋāώāĻŋāĻĻā§āϧ, federal āĻŦāĻž state license āϞāĻžāĻāĻŦā§, āĻāϰ audit āĻāĻŦāĻ AML (Anti-Money Laundering) āĻāĻŽāĻĒā§āϞāĻžā§ā§āύā§āϏ āĻŦāĻžāϧā§āϝāϤāĻžāĻŽā§āϞāĻāĨ¤
đĒđē EU (MiCA Regulation):
Strict reserve, redemption āĻ licensing rules enforce āĻāϰāĻž āĻšā§ā§āĻā§, āĻāĻā§ e-money āĻāĻŦāĻ asset-referenced stablecoins āĻāϰ āĻāύā§āϝāĨ¤
đ¸đŦđđ° Singapore & Hong Kong:
Clear licensing frameworks āĻāĻžāϞ⧠āĻšā§ā§āĻā§, āϝā§āĻāĻžāύ⧠full backing, redemption rights āĻāĻŦāĻ āύāĻŋā§āĻŽāĻŋāϤ operational audits āĻŦāĻžāϧā§āϝāϤāĻžāĻŽā§āϞāĻāĨ¤
đŦđ§ UK (FCA/BoE):
āύāϤā§āύ draft regulation consultation āĻĒāϰā§āϝāĻžā§ā§ āĻāĻā§, āϝāĻž safety-first approach āĻ
āύā§āϏāϰāĻŖ āĻāϰāĻŦā§ āĻŦāϞ⧠āĻāĻļāĻž āĻāϰāĻž āĻšāĻā§āĻā§āĨ¤
đ Common Global Themes:
â
Full reserve backing
đĢ No interest or yield features
â Algorithmic stablecoins āĻāϰ āĻāĻĒāϰ ban/restriction
đĄī¸ Strong consumer protection &įįŽĄ oversight
đ¯ āĻāĻ āĻāĻāύāĻā§āϞā§āϰ āϞāĻā§āώā§āϝ āĻšāϞ stablecoins āĻā§ safe, transparent āĻāĻŦāĻ traditional financial system-āĻāϰ āϏāĻžāĻĨā§ compatible āĻāϰ⧠āĻā§ā§ āϤā§āϞāĻžāĨ¤