Four PillarsFour PillarsAsia Digital Asset Policy Center

Topics · Foundation · Core framework

FX and capital flow rules.

In markets with capital controls, crypto is also an exchange-control question: buying a dollar stablecoin can be a foreign-currency transaction.

These rules shape whether local users can hold foreign stablecoins and how cross-border crypto payments are reported.

By market · 4 sources across 4 markets

Central Asia

  • Uzbekistan1 source
    • Regulation on the special legal regime for the circulation of stable tokens (No. 3818)In forceNAPP and the Central Bank of the Republic of Uzbekistan, via lex.uz · 15 Apr 2026

      In force from 16 April 2026: resident firms may issue stablecoins in a sandbox only if fully reserved in som, foreign currency or (since July 2026) government securities; algorithmic, anonymous and crypto-backed tokens are banned (Uzbek text).

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    Uzbekistan's full rulebook

Middle East

  • UAE1 source
    • The CBUAE successfully launches Project mBridge Minimum Viable Product platform for early adoptersGuidanceCentral Bank of the UAE (CBUAE) · 5 Jun 2024

      Launches the multi-CBDC platform for wholesale cross-border payments and records the first Digital Dirham payment to China, worth AED 50 million, in January 2024.

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    UAE's full rulebook

Oceania

  • Australia1 source
    • Treasury Laws Amendment (2022 Measures No. 4) Act 2023, Schedule 2In forceParliament of Australia (Federal Register of Legislation) · 23 Jun 2023

      Excludes digital currencies such as bitcoin from foreign currency tax rules, backdated to 1 July 2021, so crypto held as an investment stays under capital gains tax.

      Read the original
    Australia's full rulebook

Offshore hubs

  • British Virgin Islands1 source
    • Evolution of the Digital Era in the Virgin Islands: A Virtual Asset PerspectiveGuidanceFinancial Investigation Agency (FIA) · 22 Dec 2025

      Strategic analysis of virtual asset suspicious activity reports filed by BVI exchanges, covering typologies such as layering, cross-border transfers to evade sanctions and unhosted wallets.

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    British Virgin Islands's full rulebook

No dedicated rule found yet in 27 markets: