TOKENIZATION POLICY
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GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

Payment Services Act

Japan's Stablecoin Act: The First Country to Legally Define 'Electronic Payment Instruments'

Japan became the first country to pass dedicated stablecoin legislation when the revised Payment Services Act took effect in June 2023 — creating a new legal category of 'electronic payment instruments' with strict issuer requirements.

Donovan Vanderbilt · February 24, 2026 · 7 min read

MAS (Monetary Authority of Singapore)

MAS as Singapore's integrated financial regulator, its Payment Services Act DPT licensing regime, Project Guardian institutional DeFi pilots, and the June 2025 DTSP framework.

Donovan Vanderbilt · February 24, 2026
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