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Virtual Asset Regulation

Global VASP Regulatory Landscape 2026: Comparing Hong Kong, Singapore, EU and US

15 March 2026

The global VASP regulatory landscape continues to evolve in 2026: Hong Kong SFC VASP licensing offers regulatory clarity; Singapore MAS approval is strict with low approval rates; EU MiCA provides unified regulation across 27 member states but compliance is complex; the US has parallel federal/state frameworks with high entry costs.

Choosing the right jurisdiction requires balancing market size, regulatory clarity, compliance costs and business plans.

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