[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![CoinEdition Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1557282915410665472.png) Coin Edition: Your Crypto News Edge ️ [@CoinEdition](/creator/twitter/CoinEdition) on x 13.7K followers
Created: 2025-07-19 09:12:09 UTC

X / 🧵

🌏 Asia – Mixed approach

🇸🇬 Singapore

- Stablecoins must be backed 1:1 with low-risk assets

- Issuers need licenses

- Focus on innovation + financial stability

- One of the most crypto-friendly regulators, but strict on bad actors

🇯🇵 Japan

- Only licensed banks and trust companies can issue stablecoins

- Must be fully backed by yen or legal tender

- Strong consumer safeguards since Mt. Gox collapse

🇭🇰 Hong Kong

- Plans to regulate stablecoins as payment tools

- Regulation coming in phases — focus on safety + fintech growth

Goal in Asia: Encourage blockchain innovation but keep tight control over risks and money flows

More 🔗

#Asia #HongKong #Japan #Singapore

![](https://pbs.twimg.com/media/GwNZvi2WoAAIw8V.png)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946498284178251979/c:line.svg)

**Related Topics**
[japan](/topic/japan)
[stablecoins](/topic/stablecoins)
[singapore](/topic/singapore)

[Post Link](https://x.com/CoinEdition/status/1946498284178251979)