Maldives Stablecoin Regulation — No Framework/Banned

Stablecoin Regulation Tracker

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Maldives Stablecoin RegulationStage: No Framework/BannedRegulator: Maldives Monetary Authority (MMA)The Maldives has no dedicated stablecoin or VASP licensing framework. Maldives Monetary Authority (MMA) is the sole issuer of legal tender and has stated that no party is authorised to conduct financial transactions using cryptocurrencies or other virtual currencies. Cryptocurrency is not legal tender; a draft CMDA virtual-asset regulation remains unenacted.

Regulator

Regulated Stablecoin Types Supported

Member Countries

Licensed Issuers

Timeline