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Stablecoins are already regulated in 90 places. Some you wouldn't expect

When people talk about stablecoin regulation, the list is usually the same: the US, the EU, Hong Kong, maybe Singapore. But 90 places already have rules in force, and some of the most interesting ones are where nobody is looking.

By Walter Pereira · Nov 3, 2026 · 1 min read

Stablecoins are already regulated in 90 places. Some you wouldn't expect

Kazakhstan only lets licensed platforms issue them. Pakistan passed a law this year requiring 100% reserves and redemption at par. Kenya asks for at least 30% of reserves to sit in local banks. And Vanuatu, with about 300 thousand people, has a law written just for stablecoins.