CryptocurrencyRegulationsThe Global Digital Asset Law Monitor
The global register · reviewed September 28, 2026

Cryptocurrency regulation, marked to market.

Forty-five jurisdictions, 112 statutes and rulebooks, every status call cited to the primary source. This is the board.

45
Jurisdictions tracked
34
Countries + EU
11
US states
112
Instruments on file
▲20
Comprehensive
✕2
Prohibited

The register

Every tracked country and state, graded on a six-point scale from ▲ comprehensive to ✕ prohibited. Click through for the statutes, the regulators, and the penalty exposure.

45 of 45 shown
SymJurisdictionRegionStatusSignal
AR🇦🇷ArgentinaAmericas▲ComprehensiveFrom registry to rulebook in eighteen months
AU🇦🇺AustraliaAsia-Pacific◆In transitionPlatform licensing enacted, switching on in April 2027
BR🇧🇷BrazilAmericas▲ComprehensiveThe framework law found its teeth in February 2026
CA🇨🇦CanadaAmericas▶PartialSecurities law stretched over crypto, and a federal stablecoin statute waiting to start
CL🇨🇱ChileAmericas▲ComprehensiveThe Fintech Law folded crypto into financial regulation
CN🇨🇳ChinaAsia-Pacific✕ProhibitedA comprehensive ban beside the world's largest CBDC pilot
CO🇨🇴ColombiaAmericas–No dedicated regimeHigh adoption, repeated bills, no law
EG🇪🇬EgyptAfrica✕ProhibitedA statutory ban with a license clause no one has used
SV🇸🇻El SalvadorAmericas▲ComprehensiveLegal tender walked back, the issuance framework kept
EU🇪🇺European UnionEurope▲ComprehensiveMiCA is fully in force, and the grace period is over
HK🇭🇰Hong KongAsia-Pacific▲ComprehensiveLicensed exchanges, licensed stablecoins, and a tokenization push
IN🇮🇳IndiaAsia-Pacific▶PartialTaxed and surveilled, but still no framework
ID🇮🇩IndonesiaAsia-Pacific▲ComprehensiveSupervision moved from the commodities agency to the OJK
IL🇮🇱IsraelMiddle East▶PartialLicensed service providers, taxed gains, framework still assembling
JP🇯🇵JapanAsia-Pacific▲ComprehensiveThe oldest licensing regime, now migrating to securities law
KE🇰🇪KenyaAfrica◆In transitionA new VASP statute splits the field between central bank and markets authority
MY🇲🇾MalaysiaAsia-Pacific▲ComprehensiveDigital assets as securities, exchanges as recognized markets
MX🇲🇽MexicoAmericas▶PartialA fintech law that fenced crypto out of the regulated system
NZ🇳🇿New ZealandAsia-Pacific▶PartialFair-dealing law, AML coverage, and guardrails for crypto ATMs
NG🇳🇬NigeriaAfrica▶PartialFrom banking ban to securities statute, with enforcement whiplash
PH🇵🇭PhilippinesAsia-Pacific▲ComprehensiveTwo regulators, one perimeter: BSP for VASPs, SEC for offerings
RU🇷🇺RussiaEurope◆In transitionTrading legalized through licensed intermediaries, payments still banned
SA🇸🇦Saudi ArabiaMiddle East▼RestrictiveOfficial discouragement, sandbox experimentation, quiet retail adoption
SG🇸🇬SingaporeAsia-Pacific▲ComprehensiveFull licensing at home, and since 2025 a hard line on offshore-only firms
ZA🇿🇦South AfricaAfrica▲ComprehensiveCrypto declared a financial product; hundreds of firms licensed
KR🇰🇷South KoreaAsia-Pacific▶PartialPhase one protects users; phase two is stuck on stablecoins
CH🇨🇭SwitzerlandEurope▲ComprehensiveThe DLT Act model: integrate, don't quarantine
TW🇹🇼TaiwanAsia-Pacific◆In transitionAML registration now, a licensing statute passed and awaiting its start date
TH🇹🇭ThailandAsia-Pacific▲ComprehensiveA 2018 code, tightened for fraud and sweetened for tax
TR🇹🇷TürkiyeEurope▲ComprehensiveA licensing regime built fast, atop a payments ban
AE🇦🇪United Arab EmiratesMiddle East▲ComprehensiveFour regulators, one strategy: license everything, attract everyone
UK🇬🇧United KingdomEurope◆In transitionThe rulebook is written; the regime switches on October 25, 2027
US🇺🇸United StatesAmericas▶PartialOne federal statute in force, a second stalled in the Senate, and the agencies writing the rulebook themselves
VN🇻🇳VietnamAsia-Pacific◆In transitionFirst legal recognition, and a five-year market pilot
AZArizonaUS State▶PartialA budget-neutral reserve from unclaimed property, after vetoes of the bolder bills
CACaliforniaUS State▲ComprehensiveDFAL is live: license, pending application, or exit
CTConnecticutUS State▶PartialThe counter-model: no state crypto holdings, tighter transmission rules
FLFloridaUS State▶PartialMoney transmission for exchanges, and a 2026 state license for stablecoin issuers
ILIllinoisUS State◆In transitionA Midwest BitLicense, enacted and phasing in
LALouisianaUS State▲ComprehensiveA dedicated virtual currency license, quietly in force since 2023
NHNew HampshireUS State▶PartialExempt from transmission law, and first to authorize a state crypto reserve
NJNew JerseyUS State–No dedicated regimeBig market, borrowed rules: still no bespoke statute
NYNew YorkUS State▲ComprehensiveThe BitLicense: strictest in the nation since 2015
TXTexasUS State▶PartialMiner-friendly grid, exchange reserve rules, and a funded state bitcoin reserve
WYWyomingUS State▲ComprehensiveThe laboratory: SPDI banks, DAO law, and a state-issued stablecoin

The EU runs the only continental single rulebook, and its last grandfathering window closed on July 1, 2026. The United States has its first federal statute in the GENIUS Act, its first SEC crypto offering rule proposed on August 18, an SEC innovation exemption for tokenized stocks since September 17, and a market-structure bill that stalled in the Senate on September 15. The UK finalized its rules in June 2026 and turns them on in October 2027. Asia's licensing capitals, Tokyo, Singapore, and Hong Kong, keep tightening while competing for the same institutions, Japan has voted to move crypto into securities law, Brazil put its central bank in charge in February 2026, and China's ban still shapes everything around it.

This week on the Tape

September 28, 2026Hong Kong

SFC and AFRC extend audit oversight cooperation to licensed virtual asset providers

The Securities and Futures Commission and the Accounting and Financial Reporting Council signed a memorandum of understanding replacing their 2021 agreement, adding the financial reporting and audits of SFC-licensed virtual asset…

September 27, 2026California

Newsom signs a ban on meme coins by public officials and a digital asset money laundering law

AB 2409 bars California officials and employees with procurement authority from issuing meme coins and, from January 1, 2027, bars service providers from offering residents meme coins tied to federal, state, or local officials…

September 25, 2026United States

Hester Peirce, head of the SEC Crypto Task Force, will leave the Commission on October 2

Commissioner Peirce posted a resignation letter saying her last day is October 2, 2026, after which she joins Regent University School of Law. Her departure leaves Chair Paul Atkins and Commissioner Mark Uyeda as the only sitting…

September 25, 2026United States

SEC staff say buybacks and network upgrades on a functioning network are not, by themselves, a securities signal

The Division of Corporation Finance updated its crypto asset FAQs, building on the March 17 interpretive release. Marketing a system's current or planned features without promoting profit is generally not a representation…

September 24, 2026United States

The Federal Reserve proposes its GENIUS Act rules for bank-affiliated stablecoin issuers

The Board issued two proposals: a framework for payment stablecoin issuers that are subsidiaries of Board-supervised institutions, requiring full backing in short-term Treasury bills and other high-quality liquid assets…

Full digest →

Next on the calendar

Compliance dates and effective dates ahead. The full timeline back to 2024 is on the deadline calendar.

DateStatusJurisdictionWhat happens
2026-09-30AheadEuropean UnionComments close: Commission MiCA review consultation
The targeted consultation on the review of MiCA, open since May 20, 2026, closes; the Commission's application report is due in 2027.
2026-09-30AheadSouth AfricaComments close: draft Crypto Assets Manual
Treasury and the Reserve Bank's draft manual would require separate Reserve Bank authorisation for cross-border crypto asset services under exchange control.
2026-09-30AheadUnited KingdomUK authorisation gateway opens
FCA begins accepting applications under the new cryptoasset regime.
2026-09-30AheadUnited StatesSenate window for CLARITY floor action
Cloture filed August 8; leadership targets floor consideration when the Senate returns, before the midterm calendar closes.
2026-10-01AheadBrazilCoaf reporting on self-custody transfers begins
Resolution BCB 588: transfers to or from self-custody wallets of US$10,000 or more must be reported to Coaf by the next business day.
2026-10-05AheadRussiaBank of Russia registers open
Directive 7429-U and Regulation 890-P take effect; exchangers and digital depositaries may apply for inclusion in the Bank of Russia registers.

Eight lanes to watch

The register cut by subject rather than geography.

01

Stablecoins

The most-regulated corner of crypto. Dedicated issuer regimes are now law in the United States (GENIUS Act), the EU (MiCA Titles III–IV), Hong Kong…

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02

Market structure & exchanges

Who licenses the venue, and which assets are securities. The EU answered with MiCA's CASP regime; the US answer rested on the CLARITY Act until it…

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03

AML & the travel rule

The oldest and most universal layer. FATF's Recommendation 15 and travel rule set the baseline nearly everywhere; the EU enforces from the first euro…

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04

Taxation & reporting

Reporting is going global. The OECD's CARF standard reaches first exchanges in 2027; the EU's DAC8 is live as of January 2026; US brokers began…

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05

Custody & consumer protection

The post-FTX agenda: segregation of client assets, bankruptcy priority, reserve attestations, and cold-storage minimums, written into VAUPA, MiCA…

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06

DeFi & DAOs

The unsolved perimeter. The Senate's 2026 CLARITY text carries the first US statutory DeFi framework; the EU deferred DeFi to MiCA's review; Wyoming…

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07

CBDCs & public crypto holdings

Two opposite state postures: banning a retail CBDC (US House, July 2025) while stockpiling bitcoin (the March 2025 Strategic Bitcoin Reserve order…

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08

Mining & energy

Mining migrated to law-friendly grids after China's 2021 ban: US states passed right-to-mine statutes, Russia legalized and licensed industrial mining…

Follow the lane →

The US state tracker

Federal law is only half the American answer. Eleven state regimes, from the BitLicense to Texas's funded bitcoin reserve: Arizona · California · Connecticut · Florida · Illinois · Louisiana · New Hampshire · New Jersey · New York · Texas · Wyoming. Overview on the state tracker.

Straight answers

Which countries have comprehensive cryptocurrency regulation in 2026?

20 of the 45 jurisdictions in this register run a dedicated licensing framework that is in force, including the European Union under MiCA, Japan, Singapore, Hong Kong, the UAE, Switzerland, Brazil, and Türkiye. The United Kingdom is in transition: its rules are final but the regime takes full effect in October 2027.

Is cryptocurrency legal in the United States?

Yes. Buying, holding, and trading crypto is legal in all 50 states. The GENIUS Act regulates payment stablecoin issuers at the federal level, the CLARITY Act, which would divide market-structure jurisdiction between the SEC and CFTC, stalled when the Senate rejected cloture on September 15, 2026; the SEC proposed its first crypto offering rule on August 18 and issued an innovation exemption for tokenized stocks on September 17; and state licensing applies through regimes like New York’s BitLicense and California’s DFAL. See US crypto law, answered.

What is MiCA and who does it apply to?

The Markets in Crypto-Assets Regulation (EU) 2023/1114 is the EU’s single rulebook: it licenses crypto-asset service providers and stablecoin issuers across all 27 member states, fully applicable since December 30, 2024, with the last national grandfathering periods ended on July 1, 2026. It applies to any firm serving EU customers, wherever incorporated. Full analysis on the EU page and in MiCA vs the US.

Which countries ban cryptocurrency?

Outright prohibitions among tracked jurisdictions: China (all trading, issuance, and mining) and Egypt (statutory ban with an unused licensing clause). Saudi Arabia is restrictive rather than prohibitionist: holding is lawful but core activity is barred or channelled through narrow state-controlled routes. Russia left that category in September 2026, when a new law legalized trading through licensed intermediaries while keeping domestic crypto payments banned.

What is the GENIUS Act?

The Guiding and Establishing National Innovation for US Stablecoins Act, signed July 18, 2025, is the first US federal crypto statute: payment stablecoin issuers must be licensed federally or under certified state regimes, hold 1:1 reserves in cash and Treasuries, publish monthly reserve disclosures, and may not pay yield on the coin itself. Licensing obligations take effect January 18, 2027, and from July 18, 2028 service providers may not offer unlicensed payment stablecoins to US persons. Treasury’s implementing proposal is open for comment until October 19, 2026. Details on the US page.

How is this register maintained?

Every jurisdiction page cites primary sources: statutes, regulator rulebooks, and official gazettes. Status calls follow a six-grade scale explained on each page, and the full dataset is published machine-readable at register.json and llms-full.txt. Last full review: September 28, 2026. Corrections: contact.