Stablecoin
Japan Security Token Regulation: FSA, FIEA, and the STO Market
Japan FSA tokenization framework — FIEA security tokens (ERTRI), Type I FIBO license, Japan STO Association, stablecoin amendment (June 2023), 30+ licensed crypto exchanges under FIEA.
MAS Singapore: Digital Payment Token Regulation and Project Guardian
MAS licenses Digital Payment Token services under the PSA, has issued 60+ DPT licenses, launched the multi-bank Project Guardian tokenization pilots, and enacted a stablecoin framework in August 2023.
MiCA One Year On: Has Europe's Crypto Law Delivered?
Assessment of MiCA's first year in force: what worked, what failed, market impact on EU vs. offshore competitiveness, compliance cost reality, and what the next 12 months hold.
Singapore Tokenization Regulation: MAS, PSA, and Project Guardian
Singapore MAS tokenization framework — Payment Services Act licensing (S$250K–500K capital), Securities Futures Act for security tokens, Project Guardian pilots, stablecoin framework, and FATF Travel Rule.
Stablecoin
A stablecoin is a crypto-asset designed to maintain a stable value relative to a reference asset, subject to distinct regulatory treatment under MiCA, MAS, and US law.
Tokenized Deposit
A tokenized deposit is a blockchain-based representation of a commercial bank deposit, regulated as a bank liability distinct from stablecoins and CBDCs.