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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 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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Middle East
UAE1 source
The CBUAE successfully launches Project mBridge Minimum Viable Product platform for early adopters
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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Oceania
Australia1 source
Treasury Laws Amendment (2022 Measures No. 4) Act 2023, Schedule 2
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.
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Offshore hubs
British Virgin Islands1 source
Evolution of the Digital Era in the Virgin Islands: A Virtual Asset Perspective
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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