Six Markets Push Cross-Border Stablecoin Oversight at FinTechOn

Stablecoins promise faster, blockchain-based settlement across borders, but their issuance, reserve assets and redemption mechanisms often span multiple jurisdictions. That creates risks ranging from regulatory arbitrage and money laundering to runs on issuers and broader financial instability. Coordination among regulators is therefore critical if the tokens are to move beyond fragmented domestic frameworks and deliver their potential as infrastructure for global payments.

At the FinTechOn 2026 forum, regulators and industry representatives from six markets, including Taiwan, Japan and Singapore, called for stronger cross-border cooperation on stablecoin oversight. A representative of Taiwan’s Financial Supervisory Commission said a dedicated virtual-asset law and its supporting regulations could take effect as early as the first quarter of 2027. Officials also flagged the risk that bank deposits could migrate into stablecoin reserves, potentially affecting banking-system liquidity and financial stability.