RegWatch
Regulatory intelligence feed — Real-time monitoring across 23 jurisdictions
Upcoming Deadlines
Regulatory Updates
MiCAR Phase 2 — Stablecoin Issuer Requirements
Full requirements for e-money token issuers including reserve management, redemption rights, and reporting obligations take effect.
Updated Travel Rule Threshold — $250 lowered to $0
FinCEN proposes eliminating the $250 threshold for Travel Rule compliance on crypto transfers.
VARA Stablecoin Framework v2
Dubai VARA updates licensing requirements for stablecoin issuers operating in the emirate with new reserve audit standards.
MAS PS Act Amendment — DPT Services
MAS proposes amendments to Payment Services Act for digital payment token services including stablecoin-specific provisions.
FATF Updated Guidance — DeFi & Stablecoins
FATF releases updated guidance clarifying application of AML/CFT standards to decentralized finance protocols and stablecoin arrangements.
Japan FSA — Stablecoin Intermediary Rules
FSA finalizes rules for electronic payment instruments intermediaries with focus on USDC distribution partnerships.
UK FCA Crypto Asset Regime — Phase 2
FCA expands crypto asset regime to include stablecoin issuance, custody, and exchange activities with new capital requirements.
South Korea — Crypto Asset User Protection Act Update
Korea updates user protection requirements for stablecoin services including mandatory insurance and reserve disclosure.
Brazil BCB — Stablecoin Regulation Draft
Central Bank of Brazil releases draft regulation for stablecoin operations requiring local entity establishment and BRL reserve options.
IRS — Digital Asset Broker Reporting (1099-DA)
Final rules for digital asset broker reporting via Form 1099-DA including cost basis tracking for stablecoin transactions.
Compliance Gaps
Identified gaps requiring remediation
Reserve audit reporting frequency needs to increase from quarterly to monthly
Remediation: Engage PwC Dubai for monthly attestation schedule
Redemption request processing SLA exceeds new 1-business-day requirement
Remediation: Automate redemption pipeline, add 24/7 processing capability
System not configured for sub-$250 Travel Rule package generation
Remediation: Update threshold configuration and add batch processing for micro-transfers
Capital reserve calculation methodology needs alignment with new FCA formula
Remediation: Treasury to implement updated capital adequacy model
Customer asset segregation documentation incomplete for HK operations
Remediation: Legal to prepare segregation framework documentation