2025年暗号資産規制の総括と今後の論点

Global review of 2025 digital-asset regulation highlights the shift from rulemaking to implementation (EU MiCA rollout, U.S. GENIUS stablecoin law), the rise of stablecoins and tokenization, increased TradFi engagement, and stronger focus on financial crime, sanctions, and asset recovery. Regional snapshots cover a U.S. policy pivot, accelerating APAC frameworks, EU operationalization and AMLR/DORA alignment, the UK’s renewed approach, Middle East architecture around payments/stablecoins, Latin America’s structural frameworks, and Africa’s practical adoption. Looking to 2026, priorities include finalizing stablecoin rules, advancing CARF tax reporting, intensifying AML and cybersecurity supervision (including custody/key management), and tackling cross‑border regulatory fragmentation.