PwC report: 25 countries/regions have enacted stablecoin legislation in 2023

According to the "PwC Global Cryptocurrency Regulatory Report 2023" released on December 19, BlockBeats news reported that as many as 25 countries/regions will have stablecoin legislation or regulation in place by 2023. These countries, according to PwC's analysis and regulatory assessment, include Austria, the Bahamas, Denmark, Estonia, Finland, France, Germany, Greece, Japan, Luxembourg, Portugal, Spain, Sweden, Switzerland, and others. The vast majority of countries/regions that have enacted stablecoin laws have also ensured or implemented all other regulatory reviews, including cryptocurrency regulatory frameworks, licensing or registration, and travel rules of the Financial Action Task Force.

The report assessed the cryptocurrency regulatory status of 43 countries/regions, including the United States and the United Kingdom. According to the report analysis, countries such as the United States, the United Kingdom, and Canada have not yet finalized stablecoin legislation or established cryptocurrency regulatory frameworks. Data shows that some cryptocurrency-friendly countries/regions, such as Singapore and the United Arab Emirates, have adopted all cryptocurrency-related regulations except for stablecoins. (Cointelegraph)