title: Roundup — WorldPayments Monitor — 2026-09-27 canonical: https://payments.gi/roundup/2026-09-27/ ## New or updated since 2026-09-20 New to this edition or changed since the last one. 1. 1 CO Payment Corridor Dynamics 2026-10-06 ### [Bre-B reached full-scale interoperability on 6 October 2026 with 218+ participating entities and updated disclosure/notification regulatory measures for technological failures.](https://payments.gi/jurisdictions/colombia/#mb-w5) [Banco de la República](https://www.banrep.gov.co/en/news/bre-b-continues-progress) T1 Confirmed 2. 2 UA Correspondent Banking, Settlement & Access 2026-09-28 ### [NBU e-money e-purse value caps confirmed: UAH 5,000 non-replenishable / UAH 400,000 replenishable, tied to AML Law threshold.](https://payments.gi/jurisdictions/ukraine/#mb-w12) [National Bank of Ukraine](https://bank.gov.ua/en/payments) T1 Confirmed 3. 3 US-AK Licensing, Authorisation & Market Access 2026-09-28 ### [SB 86 replaces the 2007 Uniform Money Services Act with a Model Law-aligned regime, bringing virtual-currency exchange/custody under the Alaska Money Transmitter License with a $500,000 surety bond versus $25,000 base.](https://payments.gi/jurisdictions/united-states-alaska/#mb-w1a) [Alaska Division of Banking & Securities](https://www.commerce.alaska.gov/web/Portals/3/pub/Money%20Transmitter%20Application%20Checklist%20Rev%20-%2020250505.pdf?ver=Qs5ziqYiwKQcKwFp3A99Dg%3D%3D) T1 Confirmed 4. 4 US-IA Licensing, Authorisation & Market Access 2026-09-28 ### [IDOB guidance letter confirms virtual-currency kiosk operators are money transmitters under Chapter 533C; two 2024/2025 statutory amendments (HF 2262 receivership-based licence suspension/revocation, and §533C.1004 digital-asset-kiosk provision, amended by SF 2296 May 2026)…](https://payments.gi/jurisdictions/united-states-iowa/#mb-w1a) [Iowa Division of Banking](https://idob.iowa.gov/media/169/download?inline=) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D5 5. 5 US-KY Licensing, Authorisation & Market Access 2026-09-28 ### [SB 189 creates a standalone virtual-currency-kiosk operator licence (new KRS Ch. 286 Subtitle 13), separate from the general MTL, effective 30 April 2027.](https://payments.gi/jurisdictions/united-states-kentucky/#mb-w1a) [Kentucky Department of Financial Institutions](https://kfi.ky.gov/newstatic_info.aspx?static_id=247) T1 Confirmed 6. 6 US-NM Licensing, Authorisation & Market Access 2026-09-28 ### [NM has no standalone EMI/PI regime; money transmission (including virtual currency exchange) licensed under the Uniform Money Services Act, NMSA 1978 Ch. 58 Art. 32, by the Financial Institutions Division.](https://payments.gi/jurisdictions/united-states-new-mexico/#mb-w1a) [NM Financial Institutions Division](https://www.rld.nm.gov/financial-institutions/who-we-regulate/money-services-businesses/) T1 Confirmed 7. 7 UY Licensing, Authorisation & Market Access 2026-09-28 ### [BCU finalised comprehensive VASP authorisation regime (Res. SSF 2026-444) and published its 2026-2030 Payments System Roadmap, including a Board-approved draft Open Finance System bill (5 June 2026).](https://payments.gi/jurisdictions/uruguay/#mb-w1a) [Banco Central del Uruguay](https://www.bcu.gub.uy/Ingles/Documents/ENG%20Hoja%20de%20ruta%20del%20Sistema%20de%20Pagos%20en%20Uruguay.pdf) T1 Confirmed 8. 8 ZM Licensing, Authorisation & Market Access 2026-09-28 ### [National Payment System Act, 2026 and Banking and Financial Services Act, 2026 both re-legislate Zambia's payments/banking licensing perimeter.](https://payments.gi/jurisdictions/zambia/#mb-w1a) [National Assembly of Zambia — Banking and Financial Services Act, 2026 (PDF)](https://www.parliament.gov.zm/sites/default/files/documents/acts/Banking%20and%20Finance%20Act,%202026.pdf) T1 Confirmed 9. 9 TN Licensing, Authorisation & Market Access 2026-09-25 ### [BCT Circular No. 2026-10 (25 Sept 2026) fully resets licensing/authorisation, governance and reporting requirements for payment institutions, effective ~late December 2026.](https://payments.gi/jurisdictions/tunisia/#mb-w1a) [Banque Centrale de Tunisie (BCT)](https://www.bct.gov.tn/) T1 Confirmed 10. 10 US-CO Consumer Protection & APP Fraud 2026-08-12 ### [SB26-131 (effective Aug 12, 2026) bans credit-card funding of sports-betting accounts, caps deposits at six/day, bans solicitation notifications.](https://payments.gi/jurisdictions/united-states-colorado/#mb-w10) [Colorado General Assembly](http://leg.colorado.gov/bills/sb26-131) T1 Confirmed Also tracked by advennt:consumer_protection 11. 11 CL Product Innovation & Market Development 2026-08-01 ### [Open Finance leg delayed a second time to July 2027; BCCh commits to public consultation strengthening instant payments for merchant use.](https://payments.gi/jurisdictions/chile/#mb-w9) [Banco Central de Chile](https://www.bcentral.cl/contenido/-/detalle/publicaciones/politica-financiera/informe-de-sistemas-de-pago-agosto-2026) T1 Confirmed 12. 12 US-NE Licensing, Authorisation & Market Access 2026-07-30 ### [LB838 bars foreign-adversary-linked applicants from MTL licensure; NDBF issued implementing certification order.](https://payments.gi/jurisdictions/united-states-nebraska/#mb-w1a) [NDBF Foreign Adversary Certification Order](https://ndbf.nebraska.gov/sites/default/files/doc/20260730_Foreign_Adversary_Certification_Orderdocx%20(1).pdf) T1 Confirmed Also tracked by financial-integrity:D3 13. 13 US-NY Legal & Litigation 2026-07-07 ### [S.D.N.Y. held CEA does not preempt NY gambling law as applied to Kalshi's sports-event contracts; Kalshi filed notice of appeal to Second Circuit.](https://payments.gi/jurisdictions/united-states-new-york/#mb-w7) [S.D.N.Y. Opinion and Order](https://ag.ny.gov/sites/default/files/court-filings/kalshiex-llc-v-new-york-state-gaming-commission-et-al-opinion-and-order-2026.pdf) T1 Confirmed Also tracked by advennt:enforcement, crypto:token_classification 14. 14 US-MS Licensing, Authorisation & Market Access 2026-07-01 ### [HB1625 brings virtual currency kiosk operators under MTMA licensing; HB1596 layers new authorized-delegate disclosure and data-security obligations on all MTMA licensees, both effective 1 July 2026.](https://payments.gi/jurisdictions/united-states-mississippi/#mb-w1a) [Mississippi Legislature Bill Status System](https://billstatus.ls.state.ms.us/documents/2026/html/HB/1600-1699/HB1625SG.htm) T1 Confirmed Also tracked by crypto:crypto_licensing 15. 15 US-MS Operational Resilience & Critical Infrastructure 2026-07-01 ### [HB1596 requires MTMA licensees with 5,000+ customers to maintain written incident-response and business-continuity plans, with annual penetration testing and semiannual vulnerability assessments.](https://payments.gi/jurisdictions/united-states-mississippi/#mb-w3) [Mississippi Legislature Bill Status System](https://billstatus.ls.state.ms.us/documents/2026/html/HB/1500-1599/HB1596SG.htm) T1 Confirmed Also tracked by data-protection:controller_processor_duties 16. 16 US-VT Licensing, Authorisation & Market Access 2026-07-01 ### [Act 142 permanently bans virtual-currency kiosks (effective 1 July 2026) and creates a new commercial-financing licensing and disclosure regime (effective 1 July 2027) under Vermont's Chapter 79 money-services framework.](https://payments.gi/jurisdictions/united-states-vermont/#mb-w1a) [Vermont Statutes Online](https://legislature.vermont.gov/statutes/section/08/079/02577) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D7 17. 17 US-SC Licensing, Authorisation & Market Access 2026-05-19 ### [S.163 exempts crypto mining, node operation, blockchain-software development and fiat-free crypto-to-crypto exchange from the SC money-transmitter licence; pending S.4592 would newly require a licence for virtual-currency kiosks.](https://payments.gi/jurisdictions/united-states-south-carolina/#mb-w1a) [South Carolina Legislature](https://www.scstatehouse.gov/sess126_2025-2026/bills/163.htm) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D5 18. 18 IM Licensing, Authorisation & Market Access 2026-04-14 ### [FSMPB 2026 feedback statement includes e-money technical feedback and enforcement/inspection amendments across FSA08/CISA08/Insurance Act 2008/Designated Businesses Act 2015.](https://payments.gi/jurisdictions/isle-of-man/#mb-w1a) [Isle of Man Financial Services Authority](https://consult.gov.im/financial-services-authority/financial-services-miscellaneous-provisions-bill/results/20260414-fsmpb-feedback-statementv2.pdf) T1 Confirmed 19. 19 US-WV Licensing, Authorisation & Market Access 2026-04-02 ### [HB5353/SB887 extend money-transmission licensure to virtual-currency kiosk operators, with NMLS application deadline 2026-11-01 for licensure effective 2027-01-01.](https://payments.gi/jurisdictions/united-states-west-virginia/#mb-w1a) [West Virginia Legislature — CS for SB 887](https://www.wvlegislature.gov/Bill_Text_HTML/2026_SESSIONS/RS/bills/sb887%20sub1.pdf) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D5 20. 20 LK Conduct, Safeguarding & Financial Promotions 2026-03-13 ### [CBSL Circular No.03 of 2026 requires Boards/Senior Management of licensed Mobile Phone e-Money operators to declare FATF Recommendation 26 compliance posture.](https://payments.gi/jurisdictions/sri-lanka/#mb-w1b) [Central Bank of Sri Lanka](https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-on-payments-and-settlements) T1 Confirmed 21. 21 MY Operational Resilience & Critical Infrastructure 2026-03-12 ### [BNM's Technology Requirements Policy Document introduces a four-tier proportionate cyber/tech-risk framework, 90-day gap-analysis deadline, full compliance due 12 March 2027; RMiT authentication update pushes away from SMS-OTP.](https://payments.gi/jurisdictions/malaysia/#mb-w3) [Bank Negara Malaysia](https://www.bnm.gov.my/documents/20124/943361/pd-tecreq-psr-mar2026.pdf) T1 Confirmed Also tracked by financial-integrity:D6 22. 22 MY Licensing, Authorisation & Market Access 2026-03-01 ### [Consumer Credit Act 2025 (Act 873) in force 1 March 2026 brings BNPL, leasing, factoring and debt-collection/counselling under Consumer Credit Commission licensing from 1 June 2026; RPP confirmed a designated payment system.](https://payments.gi/jurisdictions/malaysia/#mb-w1a) [Suruhanjaya Kredit Pengguna (SKP)](https://www.skp.gov.my/en/news/media-releases/enforcement-of-the-consumer-credit-act-2025-and-the-establishment-of-the-consumer-credit-commission) T1 Confirmed 23. 23 US-NV Product Innovation & Market Development 2026-02-02 ### [NGCB's civil enforcement against Coinbase and the 9th Circuit's affirmation of Nevada's authority over Kalshi's event contracts together exclude a payments/crypto-adjacent product line (event contracts) from the Nevada market via a gaming-regulatory, not payments-regulatory…](https://payments.gi/jurisdictions/united-states-nevada/#mb-w9) [Nevada Gaming Control Board](https://www.gaming.nv.gov/siteassets/content/about/press-release/ngcb-files-civil-enforcement-action-against-coinbase-02.03.26.pdf) T1 Confirmed Also tracked by financial-integrity:D5 24. 24 US-WY Product Innovation & Market Development 2026-01-07 ### [The Frontier Stable Token (FRNT), issued by the Wyoming Stable Token Commission, launched for public purchase January 7, 2026, the first fiat-backed, fully-reserved stable token issued by a US public entity.](https://payments.gi/jurisdictions/united-states-wyoming/#mb-w9) [Office of Governor Mark Gordon](https://governor.wyo.gov/news-releases/wyoming-ushers-in-new-era-launches-first-of-its-kind-frontier-stable-token-for-public-purchase) T1 Confirmed Also tracked by crypto:stablecoin_regime 25. 25 US-MA Licensing, Authorisation & Market Access 2026-01-01 ### [M.G.L. c.169B (effective 2026-01-01) brings domestic money transmission under state licensing for the first time in Massachusetts, administered by the Division of Banks via NMLS; transition deadline was 2026-07-01.](https://payments.gi/jurisdictions/united-states-massachusetts/#mb-w1a) [Massachusetts Division of Banks](https://www.mass.gov/info-details/regulatory-notice-reminder-of-money-transmitter-licensing-requirements-under-mgl-c-169b) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D7 26. 26 KR Licensing, Authorisation & Market Access 2025-12-16 ### [EFTA amendment (promulgated 2025-12-16) tightens PG-entity scope/registration and mandates 100% external fund segregation; core provisions effective 2026-12-17.](https://payments.gi/jurisdictions/south-korea/#mb-w1a) [Financial Services Commission (Korea)](https://www.fsc.go.kr/eng/pr010101/85857) T1 Confirmed 27. 27 PE Payment Corridor Dynamics 2025-12-01 ### [BCRP interoperability strategy generated 263+ million monthly transactions by December 2025; digital payments per adult reached 665/year in 2025 (+45.8% YoY); a fourth interoperability phase (payment initiators/open payments) under evaluation for Q2 2026.](https://payments.gi/jurisdictions/peru/#mb-w5) [BCRP](https://www.bcrp.gob.pe/sistema-de-pagos/interoperabilidad/estrategia-de-interoperabilidad-de-los-pagos-minoristas.html) T1 Confirmed 28. 28 US-CT Licensing, Authorisation & Market Access 2025-10-01 ### [PA 25-66 (eff. 2025-10-01) expands Connecticut money-transmission licensure to digital wallets/mobile apps and restricts virtual-currency custody to licensed MTs, FDIC-insured depositories, or Banking-Commissioner-approved third parties.](https://payments.gi/jurisdictions/united-states-connecticut/#mb-w1a) [Connecticut Department of Banking](https://portal.ct.gov/-/media/dob/consumer-credit-licensing-info/department-of-banking-issues-consumer-and-industry-advisory-on-money-transmission.pdf) T1 Confirmed 29. 29 IE Licensing, Authorisation & Market Access date pending ### [PI/EMI sector expanded from 14 to 51 firms (2016-2023) with safeguarded funds rising from EUR726m to EUR7,820m; CBI signals increased supervisory scrutiny.](https://payments.gi/jurisdictions/ireland/#mb-w1a) [Central Bank of Ireland](https://www.centralbank.ie/regulation/industry-market-sectors/payment-institutions) T1 Confirmed 30. 30 NZ Consumer Protection & APP Fraud date pending ### [Consumer NZ/FinCap research (March 2026) reports rising BNPL-related financial hardship; Ministry for Regulation confirms Cabinet retained a full BNPL default-fee exemption from CCCFA lending rules.](https://payments.gi/jurisdictions/new-zealand/#mb-w10) [Ministry for Regulation](https://www.regulation.govt.nz/our-work/what-weve-done/buy-now-pay-later/) T1 Confirmed 31. 31 US-DC Licensing, Authorisation & Market Access date pending ### [DC money-transmitter statute recodified from repealed Title 47 Ch.31 to Title 26 Ch.10; DISB confirmed as licensing authority including for virtual-currency kiosk/exchange businesses.](https://payments.gi/jurisdictions/united-states-district-of-columbia/#mb-w1a) [DC Law Library](https://code.dccouncil.gov/us/dc/council/code/titles/47/chapters/31) T1 Confirmed 32. 32 US-IN Licensing, Authorisation & Market Access date pending ### [Indiana MTMA (IC 28-8-4.1) governs crypto/fiat exchange licensing with a fiat-transmission-trigger exemption boundary.](https://payments.gi/jurisdictions/united-states-indiana/#mb-w1a) [Indiana DFI](https://www.in.gov/dfi/files/MTMA-Licensing-Guidance-Updated.pdf) T1 Confirmed 33. 33 US-NV Licensing, Authorisation & Market Access date pending ### [AB 21 modernised NRS 671 money-transmission definitions (BSA cross-reference, NMLS fingerprint authority); FID treats digital custodians as potentially trust companies under NRS 669 rather than money transmitters; AB 430 (Oct 2025) removed payroll processing from the…](https://payments.gi/jurisdictions/united-states-nevada/#mb-w1a) [Nevada Financial Institutions Division (AB 21 text)](https://fid.nv.gov/uploadedFiles/fidnvgov/content/Licensing/Money_Transmitter/AB21.pdf) T1 Confirmed 34. 34 US-VT Industry Structure & Commercial Dynamics date pending ### [The permanent virtual-currency-kiosk ban removes an entire category of nonbank cash-to-crypto access point from the Vermont market, following a >94% reduction in kiosk count already observed under the prior moratorium.](https://payments.gi/jurisdictions/united-states-vermont/#mb-w6) [Vermont Department of Financial Regulation — Kiosk Report](https://legislature.vermont.gov/Documents/2026/Workgroups/Senate%20Finance/Bills/S.129/Witness%20Testimony/S.129~Ethan%20McLaughlin~Report%20on%20Virtual%20Currency%20Kiosks~4-1-2025.pdf) T1 Confirmed 35. 35 UK Consumer Protection & APP Fraud 2026-09-28 ### [Independent Frontier Economics evaluation shows ~21% fall in APP fraud losses over Faster Payments; £249.6m reimbursed in trailing 12 months; PSR consultation on next steps planned December 2026.](https://payments.gi/jurisdictions/united-kingdom/#mb-w10) [Payment Systems Regulator (PSR)](https://www.psr.org.uk/information-for-consumers/app-scams-reimbursement-dashboard/) T1 Confirmed 36. 36 GI Licensing, Authorisation & Market Access date pending ### [GFSC PSP/EMI authorisation regime confirmed, no passporting for Registered E-money Issuers.](https://payments.gi/jurisdictions/gibraltar/#mb-w1a) [GFSC](https://www.fsc.gi/apply/emoney-issuer) T1 Confirmed 37. 37 US-MT Licensing, Authorisation & Market Access date pending ### [Montana confirmed as the only US state with no money-transmitter licensing statute; federal FinCEN MSB registration is the sole applicable compliance gate.](https://payments.gi/jurisdictions/united-states-montana/#mb-w1a) [Montana Department of Administration, BFID](https://doa.mt.gov/BFID/mortgage-consumer-finance/) T1 Confirmed 38. 38 US-ME Product Innovation & Market Development 2026-09-28 ### [Bureau of Consumer Credit Protection published its first MTMA advisory ruling clarifying unhosted-wallet virtual-currency transmission requirements.](https://payments.gi/jurisdictions/united-states-maine/#mb-w9) [Maine Bureau of Consumer Credit Protection](https://www.maine.gov/pfr/consumercredit/notice/notice_item.shtml?id=13185371) T1 Confirmed 39. 39 US-TN Licensing, Authorisation & Market Access 2026-09-28 ### [Virtual-currency kiosk operation criminalised statewide effective July 1, 2026 (PC 766), layered on top of TDFI's existing exclusion of virtual currency from MTL scope.](https://payments.gi/jurisdictions/united-states-tennessee/#mb-w1a) [Tennessee Department of Financial Institutions](https://www.tn.gov/tdfi/mortgage-consumer-lending/mort-lending-bulletins/virtual-currency-kiosks.html) T1 Confirmed Also tracked by crypto:consumer_protection, financial-integrity:D5 40. 40 US-TN Legal & Litigation 2026-09-25 ### [Sixth Circuit vacates Kalshi's TN preliminary injunction, deepening a circuit split with the Third Circuit over whether sports-event contracts are CEA swaps.](https://payments.gi/jurisdictions/united-states-tennessee/#mb-w7) [U.S. Court of Appeals for the Sixth Circuit](https://www.opn.ca6.uscourts.gov/opinions.pdf/26a0272p-06.pdf) T1 Confirmed Also tracked by advennt:enforcement 41. 41 UG Licensing, Authorisation & Market Access 2026-09-14 ### [National Payment Systems Act (Cap 59) designates BOU as licensing/supervisory authority for PSPs and EMIs; new OTC cash-withdrawal caps effective 2027-01-01 push formalisation into licensed rails.](https://payments.gi/jurisdictions/uganda/#mb-w1a) [Bank of Uganda](https://bouganda.com/bouwebsite/Supervision/actsandregulations.html) T1 Confirmed 42. 42 US-KS Consumer Protection & APP Fraud 2026-07-01 ### [The VCKCPA imposes fraud-loss-motivated disclosure and refund obligations on kiosk operators; conference-committee materials cite estimated national fraud losses exceeding $12bn annually.](https://payments.gi/jurisdictions/united-states-kansas/#mb-w10) [Kansas Office of the State Bank Commissioner](https://www.osbckansas.gov/legal/hb2591_summary.pdf) T1 Confirmed 43. 43 MY Consumer Protection & APP Fraud 2026-06-01 ### [Consumer Credit Act 2025 establishes the Consumer Credit Commission (SKP) as an independent regulator for six previously-unregulated credit sectors, with a RM2 million minimum shareholders'-funds requirement for licensees.](https://payments.gi/jurisdictions/malaysia/#mb-w10) [Ministry of Finance Malaysia](https://www.mof.gov.my/portal/en/news/press-citations/credit-providers-credit-service-providers-require-licensing-registration-effective-june-1) T1 Confirmed 44. 44 PA Licensing, Authorisation & Market Access 2026-01-27 ### [Draft Law No. 314 would create Panama's first dedicated PSP/EMI/VASP licensing framework under joint SBP/UAF supervision; SBP Rule 1-2026 tightens AML/CFT onboarding documentation in the interim.](https://payments.gi/jurisdictions/panama/#mb-w1a) [Superintendencia de Bancos de Panamá](https://www.superbancos.gob.pa/en/node/1652) T1 Confirmed Also tracked by financial-integrity:D5 45. 45 LU Licensing, Authorisation & Market Access 2026-01-20 ### [CSSF Circular 26/906 consolidates governance framework for PIs/EMIs/AISPs, effective 30 June 2026; Paytm Europe Payments obtained a CSSF PI licence.](https://payments.gi/jurisdictions/luxembourg/#mb-w1a) [CSSF](https://www.cssf.lu/en/2026/01/new-circular-cssf-26-906-central-administration-internal-governance-and-risk-management-applicable-to-payment-and-electronic-money-institutions/) T1 Confirmed 46. 46 US-NJ Licensing, Authorisation & Market Access 2026-09-28 ### [NJ money transmitters operate under the general Money Transmitters Act; a pending Digital Asset and Blockchain Technology Act (A3454) would create a distinct state digital-asset licence, administration disputed between Bureau of Securities (bill text) and DOBI (secondary…](https://payments.gi/jurisdictions/united-states-new-jersey/#mb-w1a) [NJ Department of Banking and Insurance](https://nj.gov/dobi/proposed/re230501njac3_32.pdf) T1 Confirmed 47. 47 US-OK Licensing, Authorisation & Market Access 2026-09-28 ### [HB 3521 repeals and recodifies OK's MT statute at 6 O.S. §1551 et seq. effective Nov 1 2026; SB 1083 already requires digital-asset kiosk MT licensure since Nov 2025; HB 3594 exempts miners/stakers/node operators.](https://payments.gi/jurisdictions/united-states-oklahoma/#mb-w1a) [Oklahoma Legislature](https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB3521%20INT.PDF) T1 Confirmed Also tracked by financial-integrity:D5 48. 48 US-WY Licensing, Authorisation & Market Access 2026-09-28 ### [SF0055 (2026) amended the SPDI Act's capital, charter-application, business-commencement, supervision-fee and resolution-fund provisions; the Banking Board has approved four SPDI charters; the Select Committee is drafting reciprocity legislation and reviewing HB0075…](https://payments.gi/jurisdictions/united-states-wyoming/#mb-w1a) [Wyoming Division of Banking](https://wyomingbankingdivision.wyo.gov/banks-and-trust-companies/special-purpose-depository-institutions) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D5 49. 49 ZA Operational Resilience & Critical Infrastructure 2026-09-28 ### [SARB's 2030 payments strategy elevates payments as a core financial-stability pillar; SARB publicly committed no disruption to everyday payment services during the PASA transition.](https://payments.gi/jurisdictions/south-africa/#mb-w3) [SAnews (South African Government News Agency)](https://www.sanews.gov.za/south-africa/sarb-transfer-national-payment-management-functions) T1 Confirmed 50. 50 US-GA Legal & Litigation 2026-07-06 ### [SB 69 (2025)/HB 945 (2026) established DBF registration, annual re-registration, and cease-and-desist authority for third-party litigation financiers, with a foreign-ownership prohibition.](https://payments.gi/jurisdictions/united-states-georgia/#mb-w7) [Georgia Department of Banking and Finance](https://dbf.georgia.gov/document/document/2026-proposed-rulemaking-5-13-2026/download) T1 Confirmed 51. 51 US-LA Licensing, Authorisation & Market Access 2026-07-01 ### [Louisiana Money Transmission Act (Act 888/HB 1230) replaces legacy 1966 statute, effective 2026-07-01, adopting CSBS Model Act framework with NMLS-integrated OFI supervision.](https://payments.gi/jurisdictions/united-states-louisiana/#mb-w1a) [Louisiana State Legislature - Act 888 Enrolled](https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1481521) T1 Confirmed Also tracked by financial-integrity:D7 52. 52 US-VA Licensing, Authorisation & Market Access 2026-07-01 ### [Chapter 19.1 (MTMA) replaced Virginia's legacy money-transmitter statute effective July 1, 2026, revising net-worth, surety-bond, control-threshold and reporting standards; existing licensees automatically deemed licensed.](https://payments.gi/jurisdictions/united-states-virginia/#mb-w1a) [Code of Virginia § 6.2-1922 (Definitions, Ch.19.1)](https://law.lis.virginia.gov/vacode/title6.2/chapter19.1/section6.2-1922/) T1 Confirmed Also tracked by crypto:crypto_licensing, financial-integrity:D7 53. 53 US-ID Licensing, Authorisation & Market Access 2026-03-26 ### [S1440 would layer a state excise tax on international money transmissions atop existing MTL licensing; stalled in committee this session.](https://payments.gi/jurisdictions/united-states-idaho/#mb-w1a) [Idaho State Legislature](https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2026/legislation/S1440SOP.pdf) T1 Confirmed Also tracked by crypto:cross_border_transfer, financial-integrity:D7 54. 54 BG Licensing, Authorisation & Market Access 2026-01-01 ### [Bulgaria joined the euro area 1 January 2026; BNB became full Eurosystem shareholder.](https://payments.gi/jurisdictions/bulgaria/#mb-w1a) [European Central Bank](https://www.ecb.europa.eu/euro/changeover/bulgaria/html/index.en.html) T1 Confirmed 55. 55 CN Stablecoins & Digital Money 2026-01-01 ### [e-CNY upgraded management framework effective 1 Jan 2026 incorporates e-CNY into reserve-requirement base with 100% reserves required from non-bank payment institutions.](https://payments.gi/jurisdictions/china-mainland/#mb-w2) [gov.cn (State Council)](https://english.www.gov.cn/news/202512/29/content_WS69526d4ec6d00ca5f9a08511.html) T1 Confirmed 56. 56 US-FL Licensing, Authorisation & Market Access 2026-09-28 ### [HB 505 extends Chapter 560 licensing perimeter to crypto-kiosk operators.](https://payments.gi/jurisdictions/united-states-florida/#mb-w1a) [Florida House of Representatives](https://www.flsenate.gov/Session/Bill/2026/505/Analyses/h0505z1.IBS.PDF) T1 Probable Also tracked by crypto:crypto_licensing 57. 57 US-RI Licensing, Authorisation & Market Access 2026-09-28 ### [RI Division of Banking is adopting nationwide CSBS Money Transmission Modernization Act standards, requiring audited financial statements for new currency-transmitter licence applications.](https://payments.gi/jurisdictions/united-states-rhode-island/#mb-w1a) [Rhode Island DBR](https://dbr.ri.gov/media/23321/download) T1 Probable 58. 58 AR Operational Resilience & Critical Infrastructure 2026-08-27 ### [BCRA Com. 'A' 8471 imposes binding fraud-risk-management obligations, phased through Sept 2027.](https://payments.gi/jurisdictions/argentina/#mb-w3) [Allende & Brea (citing BCRA Comunicación A 8471)](https://allende.com/en/banking/the-central-bank-of-argentina-establishes-new-fraud-risk-management-requirements-for-financial-institutions-and-payment-service-providers-09-01-2026/) T1 Probable 59. 59 TH Licensing, Authorisation & Market Access 2026-07-23 ### [BOT draft Digital Channel Security Notification extends security requirements to internet banking and credit-card providers; new fee-standardisation notification.](https://payments.gi/jurisdictions/thailand/#mb-w1a) [Tilleke & Gibbins](https://www.tilleke.com/insights/bank-of-thailand-proposes-new-digital-channel-security-standards/38/) T1 Probable 60. 60 LV Licensing, Authorisation & Market Access 2026-07-08 ### [Latvijas Banka's EMI/PI licensing pipeline is accelerating (12 licensed EMIs, 10 licensed PIs mid-2026; 4 EMI + 5 PI licences issued in 2026 to date vs 3 EMI for all 2025); a new EUR 1m specialised banking licence launched Jan 2026 as a lower-capital market-access route.](https://payments.gi/jurisdictions/latvia/#mb-w1a) [Latvijas Banka](https://www.bank.lv/en/news-and-events/news-and-articles/news/17746-latvijas-banka-is-issuing-an-electronic-money-institution-operating-licence-to-sia-moin-payments) T1 Probable 61. 61 NZ Licensing, Authorisation & Market Access 2026-07-01 ### [FMA became sole conduct regulator for consumer credit (CCCFA) from 1 July 2026, replacing Commerce Commission certification with FMA market-services licensing under the FMC Act.](https://payments.gi/jurisdictions/new-zealand/#mb-w1a) [Financial Markets Authority](https://www.fma.govt.nz/business/legislation/cccfa/) T1 Probable 62. 62 GG-ALD Conduct, Safeguarding & Financial Promotions 2026-06-04 ### [£450k penalty (June 2026) and 'failure to prevent' corporate offences show conduct enforcement intensifying.](https://payments.gi/jurisdictions/guernsey-alderney/#mb-w1b) [GFSC](https://www.gfsc.gg/commission/enforcement/public-statements) T1 Probable 63. 63 AR Licensing, Authorisation & Market Access 2026-05-06 ### [BCRA created the new 'PSPCP como Servicio' embedded-finance category via Com. 'A' 8432/2026.](https://payments.gi/jurisdictions/argentina/#mb-w1a) [Lexology (citing BCRA Comunicación A 8432/2026)](https://www.lexology.com/library/detail.aspx?g=71cd4572-bcb7-4206-9757-e40b32bf9bac) T1 Probable 64. 64 GG-ALD Legal & Litigation 2026-04-24 ### [£1.96m Utmost Worldwide fine (March 2026) is the largest GFSC sanction on record, following the £455k Equiom fine (2024).](https://payments.gi/jurisdictions/guernsey-alderney/#mb-w7) [GFSC](https://www.gfsc.gg/news/enforcement) T1 Probable 65. 65 EE Licensing, Authorisation & Market Access 2026-03-18 ### [From 18 March 2026, PI/EMI operating-licence applications must be submitted via the Finantsinspektsioon online portal; supervisory substance-of-operations expectations have intensified ahead of the MiCA cutover.](https://payments.gi/jurisdictions/estonia/#mb-w1a) [Finantsinspektsioon (Estonian FSA)](https://www.fi.ee/en/payment-and-e-money-services/applying-operating-licence-payment-services/operating-licences-payment-institutions-and-e-money-institutions) T1 Probable 66. 66 US-OH Licensing, Authorisation & Market Access 2026-03-18 ### [New OMTA licensee (OwlTing) and pending HB648 kiosk-registration bill.](https://payments.gi/jurisdictions/united-states-ohio/#mb-w1a) [Ohio Legislative Service Commission](https://www.legislature.ohio.gov/download?key=27458) T1 Probable Also tracked by crypto:consumer_protection 67. 67 SE Payment Corridor Dynamics date pending ### [Riksbank sets March 2027 deadline for instant A2A payments or faces IPR-style legislation; Nordic NOLO scheme expected November 2026.](https://payments.gi/jurisdictions/sweden/#mb-w5) [Sveriges Riksbank](https://www.riksbank.se/en-gb/payments--cash/payments-in-sweden/payments-report-2026/how-safe-efficient-and-accessible-are-payments/instant-payments-are-efficient-but-the-supply-is-limited-and-they-come-with-risks-that-need-to-be-managed/) T1 Probable 68. 68 KZ Licensing, Authorisation & Market Access 2026-09-28 ### [First-category payment organisation licensing regime commences October 2026 under NBK, permitting non-bank entities to hold accounts and issue cards while barred from deposits/lending.](https://payments.gi/jurisdictions/kazakhstan/#mb-w1a) [National Payment Corporation of Kazakhstan](https://npck.kz/en/central-asia-fintech-summit-2026-shaping-the-future-of-finance/) T1 Probable 69. 69 US-AZ Consumer Protection & APP Fraud 2026-09-28 ### [Arizona's Cryptocurrency Kiosk License Fraud Prevention Law imposes daily transaction caps, mandatory fraud warnings, receipt issuance, and a 30-day operator-refund obligation; AG's office reports active victim recoveries and a streamlined online reporting form.](https://payments.gi/jurisdictions/united-states-arizona/#mb-w10) [Arizona Attorney General's Office](https://azag.gov/press-release/attorney-general-mayes-helps-nearly-three-dozen-crypto-atm-scam-victims-recover-full) T1 Probable 70. 70 US-AZ Licensing, Authorisation & Market Access 2026-09-28 ### [Arizona adopted the CSBS Model Money Transmission Modernization Act via SB1580, standardizing multistate licensing coordination through NMLS under A.R.S. Title 6, Chapter 12.](https://payments.gi/jurisdictions/united-states-arizona/#mb-w1a) [Arizona DIFI](https://difi.az.gov/announcementnews/arizona-among-first-states-adopt-model-legislation-money-transmission-services) T1 Probable 71. 71 AFR Correspondent Banking, Settlement & Access 2026-09-14 ### [PAPSS reports 92-95% cost savings and up to 80% FX-requirement reduction versus correspondent-banking-dependent settlement.](https://payments.gi/jurisdictions/africa/#mb-w12) [Afreximbank / PAPSS](https://afreximbank.africa-newsroom.com/press/panafrican-payment-and-settlement-system-papss-targets-accelerated-adoption-and-transaction-growth-as-network-expands-across-africa?lang=en) T1 Probable 72. 72 GG-ALD Product Innovation & Market Development 2026-08-06 ### [New Finance Sector Concierge role, further Sandbox licensing, and Alderney data-centre EOI mark active growth agenda.](https://payments.gi/jurisdictions/guernsey-alderney/#mb-w9) [GFSC](https://www.gfsc.gg/) T1 Probable 73. 73 NZ Product Innovation & Market Development 2026-07-03 ### [MBIE payment-services regulation consultation, exploring a possible consolidated payments-licensing regime for non-bank PSPs, closed 3 July 2026.](https://payments.gi/jurisdictions/new-zealand/#mb-w9) [Ministry of Business, Innovation & Employment](https://www.mbie.govt.nz/business-and-employment/business/competition-regulation-and-policy/retail-payment-systems) T1 Probable 74. 74 GG-ALD Stablecoins & Digital Money 2026-07-01 ### [July 2026 tokenisation guidance and prudential stablecoin treatment for banks; dedicated statute still only signalled.](https://payments.gi/jurisdictions/guernsey-alderney/#mb-w2) [GFSC](https://www.gfsc.gg/commission/legislation-and-guidance) T1 Probable 75. 75 CA Product Innovation & Market Development 2026-06-27 ### [Consumer-Driven Banking Act re-enacted via Bill C-15 (Royal Assent Mar 26 2026), oversight shifted from FCAC to Bank of Canada; proposed Regulations in consultation June 27-Aug 26 2026. Phase 1 (read access) targeted 2026; Phase 2 (write/payments) mid-2027 contingent on…](https://payments.gi/jurisdictions/canada/#mb-w9) [Canada Gazette, Part I](https://gazette.gc.ca/rp-pr/p1/2026/2026-06-27/html/reg3-eng.html) T1 Probable 76. 76 US-NY Licensing, Authorisation & Market Access 2026-06-09 ### [NYDFS proposed 23 NYCRR Part 202 for Authorized Payment Stablecoin Issuers, aligning with the federal GENIUS Act.](https://payments.gi/jurisdictions/united-states-new-york/#mb-w1a) [NYDFS](https://www.dfs.ny.gov/system/files/documents/2026/07/rp-fs-23nycrr202-text.pdf) T1 Probable Also tracked by crypto:stablecoin_regime 77. 77 MX Operational Resilience & Critical Infrastructure 2026-01-01 ### [Banxico Circular 9/2026 (amending Circular 14/2017) mandates standardised, simplified UX for mobile SPEI transfers with a 14 December 2026 compliance deadline; introduces a new 'Nivel 2 Bis' account tier permitting up to 15,000 UDIs/month without an RFC.](https://payments.gi/jurisdictions/mexico/#mb-w3) [FintechExpert.mx](https://www.fintechexpert.mx/p/banxico-guia-transferencias-moviles-spei-dimo-codi) T1 Probable 78. 78 US-CO Licensing, Authorisation & Market Access 2025-12-18 ### [MTMA (HB25-1201) governs virtual-currency money transmission per Dec 2025 interim guidance, with new financial thresholds replacing legacy net-worth/bond requirements.](https://payments.gi/jurisdictions/united-states-colorado/#mb-w1a) [Colorado Division of Banking](https://banking.colorado.gov/sites/banking/files/documents/Interim_Guidance_Cryptocurrency_and_the_MTMA_Final_12.18.25.pdf) T1 Probable Also tracked by crypto:crypto_licensing, financial-integrity:D5 79. 79 TH Product Innovation & Market Development 2025-12-01 ### [BOT stablecoin sandbox expanded; SEC opened stablecoin transfer-control consultation; Travel Rule scheduled for 27 Feb 2027.](https://payments.gi/jurisdictions/thailand/#mb-w9) [Baker McKenzie](https://www.bakermckenzie.com/en/insight/publications/2026/01/thailand-bridging-payments-digital-assets-current-regulatory-developments) T1 Probable 80. 80 DK Product Innovation & Market Development 2025-11-01 ### [Vipps MobilePay launched in-store contactless payments in Denmark (Nov 2025).](https://payments.gi/jurisdictions/denmark/#mb-w9) [Danmarks Nationalbank](https://www.nationalbanken.dk/media/gdlhtpyk/payments-in-the-nordics.pdf) T1 Probable 81. 81 BE Operational Resilience & Critical Infrastructure 2025-10-09 ### [CEC completed the SEPA Instant Payments Regulation build-out in 2025: mandatory receipt from 9 January 2025, mandatory sending from 9 October 2025, with centrally-provided Verification of Payee introduced 9 October 2025. NBB's 2026 oversight priority is monitoring SIPS…](https://payments.gi/jurisdictions/belgium/#mb-w3) [National Bank of Belgium](https://www.nbb.be/doc/ts/publications/fmi-and-paymentservices/latest/fmi_payments.pdf) T1 Probable 82. 82 HR Scheme & Network Compliance 2025-10-09 ### [SEPA Instant Credit Transfer mandatory receipt (9 Jan 2025) and mandatory sending (9 Oct 2025) via Fina-operated EuroNKSInst; sanctions-list daily checks required as part of security stack.](https://payments.gi/jurisdictions/croatia/#mb-w4) [Fina](https://www.fina.hr/eng/financial-services-and-payment-systems/payment-systems/euronksinst) T1 Probable 83. 83 SI Operational Resilience & Critical Infrastructure 2025-10-09 ### [EU Instant Payments Regulation full roll-out reached Slovenian banks; SCT Inst mandatory alongside domestic FLIK/BIPS scheme.](https://payments.gi/jurisdictions/slovenia/#mb-w3) [Banka Slovenije](https://www.bsi.si/en/media/posts/full-roll-out-of-instant-payments-in-the-euro-area) T1 Probable 84. 84 AG Consumer Protection & APP Fraud date pending ### [ONDCP August 2025 fraud advisory on account-compromise/top-up scams.](https://payments.gi/jurisdictions/antigua-and-barbuda/#mb-w10) [Office of National Drug and Money Laundering Control Policy (Antigua and Barbuda)](https://ondcp.gov.ag/) T1 Probable 85. 85 AG Product Innovation & Market Development date pending ### [PSSA sandbox provisions plus CAPSS pilot expansion; DCash 2.0 track paused.](https://payments.gi/jurisdictions/antigua-and-barbuda/#mb-w9) [Eastern Caribbean Central Bank](https://www.eccb-centralbank.org/blogs/payment-system-integration) T1 Probable 86. 86 BZ Consumer Protection & APP Fraud date pending ### [Baseline established: sectoral complaints channels plus general Ombudsman Act redress; no APP-fraud reimbursement regime.](https://payments.gi/jurisdictions/belize/#mb-w10) [Ministry of the Attorney General, Belize](https://www.agm.gov.bz/uploads/laws/63bdc04dbfc4d_Cap_05_Ombudsman_Act.pdf) T1 Probable 87. 87 BZ Conduct, Safeguarding & Financial Promotions date pending ### [Baseline established: conduct oversight split between CBB complaints channel and FSC virtual-asset promotion enforcement.](https://payments.gi/jurisdictions/belize/#mb-w1b) [Central Bank of Belize](https://www.centralbank.org.bz/how-do-i/how-to-file-a-complaint) T1 Probable 88. 88 CA-NB Licensing, Authorisation & Market Access date pending ### [RPAA registration and core operational-risk/safeguarding provisions in force; PSP registry live.](https://payments.gi/jurisdictions/canada-new-brunswick/#mb-w1a) [Bank of Canada](https://www.bankofcanada.ca/regulatory-oversight/retail-payments/psp-registry/) T1 Probable 89. 89 GG-ALD Consumer Protection & APP Fraud date pending ### [July 2026 Crown Dependencies APP-fraud framework is early-stage with no enforceable rules or timeline yet.](https://payments.gi/jurisdictions/guernsey-alderney/#mb-w10) [States of Guernsey / CIFO](https://www.gov.gg/cifo) T1 Probable 90. 90 GG-ALD Licensing, Authorisation & Market Access date pending ### [Sectoral licensing perimeter (banking law, LCF/VASP law, enforcement law) confirmed with active Innovation Sandbox uptake.](https://payments.gi/jurisdictions/guernsey-alderney/#mb-w1a) [Guernsey Financial Services Commission (GFSC)](https://www.gfsc.gg/commission/about-us) T1 Probable 91. 91 GG-ALD Payment Corridor Dynamics date pending ### [Direct SEPA membership since 2016 plus correspondent-based sterling/USD corridors.](https://payments.gi/jurisdictions/guernsey-alderney/#mb-w5) [European Commission](https://finance.ec.europa.eu/consumer-finance-and-payments/payment-services/single-euro-payments-area-sepa_en) T1 Probable 92. 92 KM Operational Resilience & Critical Infrastructure date pending ### [National Interoperable Payment Switch live since Aug 2025; ATS+ planned to absorb SYCOCO.](https://payments.gi/jurisdictions/comoros/#mb-w3) [World Bank](https://documents1.worldbank.org/curated/en/812791592801563444/pdf/Comoros-Payments-and-Settlement-Systems-Oversight-Policy-Framework.pdf) T1 Probable 93. 93 KM Scheme & Network Compliance date pending ### [Nascent card/POS infrastructure; no domestic scheme rulebook identified.](https://payments.gi/jurisdictions/comoros/#mb-w4) [World Bank](https://documents1.worldbank.org/curated/en/756511588234080981/pdf/Project-Information-Document-Comoros-Financial-Inclusion-Project-P166193.pdf) T1 Probable 94. 94 KM Payment Corridor Dynamics date pending ### [Remittance dependency >20% of GDP; SADC-RTGS membership confirmed, PAPSS status unconfirmed.](https://payments.gi/jurisdictions/comoros/#mb-w5) [World Bank Remittance Prices Worldwide](https://remittanceprices.worldbank.org/corridor/FR/KM) T1 Probable 95. 95 MH Conduct, Safeguarding & Promotions date pending ### [Baseline established: AML-linked conduct rules under Banking Act 1987 (USD10k CTR, shell-bank ban); no dedicated financial-promotions statute, enforcement externalised (e.g. UK FCA warning).](https://payments.gi/jurisdictions/marshall-islands/#mb-w1b) [U.S. Department of State](https://www.state.gov/reports/2023-investment-climate-statements/marshall-islands) T1 Probable 96. 96 MH Operational Resilience & Critical Infrastructure date pending ### [Baseline established: no enacted cyber/critical-infrastructure statute; closed-loop domestic card network and power-outage exposure drive operational fragility.](https://payments.gi/jurisdictions/marshall-islands/#mb-w3) [Ministry of Finance, Banking & Postal Services (RMI)](https://mof.gov.mh/usdm1-whitepaper-the-rmi-and-the-correspondent-banking-crisis-in-the-pacific/) T1 Probable 97. 97 MH Scheme & Network Compliance date pending ### [Baseline established: no domestic scheme/PCI regime; BOMI card system operates outside Visa/Mastercard; Bank of Guam provides limited scheme access under US rules.](https://payments.gi/jurisdictions/marshall-islands/#mb-w4) [Ministry of Finance, Banking & Postal Services (RMI)](https://mof.gov.mh/usdm1-whitepaper/) T1 Probable 98. 98 MH Legal & Litigation date pending ### [Baseline established: no active domestic litigation; pressure via IMF Article IV critiques, EU tax-listing history, and historic 1996 FDIC fraud alert.](https://payments.gi/jurisdictions/marshall-islands/#mb-w7) [Federal Deposit Insurance Corporation (FDIC)](https://archive.fdic.gov/view/fdic/7963/fdic_7963_DS1.pdf) T1 Probable 99. 99 SE Operational Resilience & Critical Infrastructure date pending ### [Riksbank Payments Report 2026 pushes cash-preparedness and highlights RIX-INST resilience but flags a low bank-adoption rate.](https://payments.gi/jurisdictions/sweden/#mb-w3) [Sveriges Riksbank](https://www.riksbank.se/globalassets/media/rapporter/betalningsrapport/2026/engelsk/payments-report-2026.pdf) T1 Probable 100. 100 US-OR Licensing, Authorisation & Market Access date pending ### [MTL regime under ORS 717 confirmed as the operative nonbank licensing framework; HB 4116 closed a consumer-lending rate-export loophole.](https://payments.gi/jurisdictions/united-states-oregon/#mb-w1a) [Oregon SOS License Directory - Money Transmitters](https://apps.oregon.gov/SOS/LicenseDirectory/LicenseDetail/21) T1 Confirmed Also tracked by crypto:crypto_licensing ## Regulatory horizon - AE [DeFi/DEX/Web3 legal-track transition window closes](https://payments.gi/jurisdictions/united-arab-emirates/) closed 2026-09 quarter - AR [Fraud-risk-management obligations fully effective (Com. 'A' 8471)](https://payments.gi/jurisdictions/argentina/) 2027-09-01 quarter - AT [IBAN-name check extension to all transfer rails](https://payments.gi/jurisdictions/austria/) 2027 year - AU [Tranche 1 exposure-draft consultation closes](https://payments.gi/jurisdictions/australia/) closed 2026-04-09 quarter - AU [ePayments Code review expected](https://payments.gi/jurisdictions/australia/) 2026-Q4 half year - BR [Salary accounts opened to Pix Automático](https://payments.gi/jurisdictions/brazil/) 2027-07-01 quarter - BR [Hybrid boleto+Pix-QR billing regulation](https://payments.gi/jurisdictions/brazil/) 2027-02-01 quarter - BR [Activity-based capital rule reaches full requirement](https://payments.gi/jurisdictions/brazil/) 2028-01 half year - CA [Consumer-Driven Banking Regulations consultation closes](https://payments.gi/jurisdictions/canada/) closed 2026-08-26 quarter - CA [Open banking Phase 1 (read access) targeted launch](https://payments.gi/jurisdictions/canada/) 2026-Q4 half year - CA [RPAR tokenized-payment-instrument scope amendments commencement](https://payments.gi/jurisdictions/canada/) 2027 year - CA-BC [RPAA sections 99-100 and 2026 scope amendments commencement](https://payments.gi/jurisdictions/canada-british-columbia/) 2026-Q4 half year - CA-NB [PSP 2026 annual report filing deadline](https://payments.gi/jurisdictions/canada-new-brunswick/) 2027-03-31 quarter - CA-ON [RPAR fully in force, no crypto unit prescribed](https://payments.gi/jurisdictions/canada-ontario/) closed 2026-06-23 quarter - CH [SIC5 full-network participation deadline](https://payments.gi/jurisdictions/switzerland/) 2026-11-30 quarter - CI [PI-SPI mandatory connection deadline](https://payments.gi/jurisdictions/ivory-coast-uemoa-bloc/) 2026-09-30 quarter - CL [Open Finance (SFA) full entry into force](https://payments.gi/jurisdictions/chile/) 2027-07 half year - CL [BCCh instant-payments consultation package expected](https://payments.gi/jurisdictions/chile/) 2026-Q4 half year - CM [CEMAC harmonised QR-code instant-payment standard](https://payments.gi/jurisdictions/cameroon/) 2026-Q4 half year - CO [Bre-B full-scale interoperability transition](https://payments.gi/jurisdictions/colombia/) 2026-10-06 quarter - CR [SINPE Móvil business-payment tax-reporting consultation](https://payments.gi/jurisdictions/costa-rica/) 2026-Q4 half year - CZ [PSD3/PSR final compromise texts published, reauthorisation window expected](https://payments.gi/jurisdictions/czech-republic/) 2028-Q2 year - DE [PSD3 German transposition expected](https://payments.gi/jurisdictions/germany/) 2026-Q3 half year - DE [PSR directly applicable EU-wide](https://payments.gi/jurisdictions/germany/) 2026-Q3 half year - DO [BCRD instant-payments platform (SGPI) targeted launch](https://payments.gi/jurisdictions/dominican-republic/) 2027 year - DZ [Djezzy Payment Services final PSP licensing application due](https://payments.gi/jurisdictions/algeria/) 2027-09-23 quarter - EEA [PSD3/PSR Official Journal publication and general application](https://payments.gi/jurisdictions/european-economic-area/) 2026-Q4 year - EEA [PSR safeguarding provisions early effective date](https://payments.gi/jurisdictions/european-economic-area/) closed 2026-05 quarter - EEA [IPR Verification-of-Payee extended to non-euro-area EEA PSPs](https://payments.gi/jurisdictions/european-economic-area/) 2027-07-09 year - ES [PSD3/PSR national transposition for Spain](https://payments.gi/jurisdictions/spain/) 2028-Q1 year - FI [PSD3/PSR plenary vote and OJ publication](https://payments.gi/jurisdictions/finland/) 2026-Q4 half year - FI [PSD3/PSR effective application](https://payments.gi/jurisdictions/finland/) 2028-Q1 year - FR [Mandatory ISO 20022 structured addresses for all SEPA payments](https://payments.gi/jurisdictions/france/) 2026-11-15 quarter - GG-ALD [Next MONEYVAL Mutual Evaluation of Guernsey](https://payments.gi/jurisdictions/guernsey-alderney/) 2027 year - GIB [Gibraltar-UK transitional passporting extension expires](https://payments.gi/jurisdictions/gibraltar/) 2026-12-31 quarter - GIB [Permanent Gibraltar Authorisation Regime (GAR) operability](https://payments.gi/jurisdictions/gibraltar/) 2027 year - GIB [Gibraltar MONEYVAL 6th-round mutual evaluation](https://payments.gi/jurisdictions/gibraltar/) 2027 year - GIB [GFSC Consumer Duty scope expansion to all retail customers](https://payments.gi/jurisdictions/gibraltar/) 2027 half year - GR [EuroPA retail/POS interoperability phase](https://payments.gi/jurisdictions/greece/) 2027 year - HK [Banking Ordinance amendment bill targeted for LegCo introduction](https://payments.gi/jurisdictions/hong-kong/) 2026-Q4 half year - HR [CCD2 obligations apply to BNPL in Croatia](https://payments.gi/jurisdictions/croatia/) 2026-11-20 quarter - HU [ATM Act implementation timeline pending ministerial decree](https://payments.gi/jurisdictions/hungary/) 2026-Q4 half year - ID [BI QRIS '17-8-45' 2026 roadmap targets](https://payments.gi/jurisdictions/indonesia/) 2026-Q4 half year - IM [FSMPB 2026 e-money/enforcement amendments finalisation](https://payments.gi/jurisdictions/isle-of-man/) 2026-Q4 half year - IN [Offline PA authorisation deadline](https://payments.gi/jurisdictions/india/) closed 2025-12-31 quarter - IN [Merchant CDD compliance extended deadline](https://payments.gi/jurisdictions/india/) closed 2026-09-15 quarter - IN [RBI cross-border CBDC pilots expected](https://payments.gi/jurisdictions/india/) 2026-Q4 half year - IS [Icelandic krona joins Eurosystem TIPS instant-settlement system](https://payments.gi/jurisdictions/iceland/) 2028 multi year - IT [PSD3/PSR formal adoption pending](https://payments.gi/jurisdictions/italy/) 2026-Q4 half year - IT [First mandatory PSP reporting on IPR compliance](https://payments.gi/jurisdictions/italy/) closed 2026-04 quarter - JP [FIEA reclassification of crypto-assets as financial products](https://payments.gi/jurisdictions/japan/) 2027-Q1 half year - KE [National Payment System Bill 2026 public comment period closes](https://payments.gi/jurisdictions/kenya/) 2026-10-09 quarter - KH [NBC e-wallet notification deadline](https://payments.gi/jurisdictions/cambodia/) 2026-11-04 quarter - KR [EFTA amendment core provisions take effect](https://payments.gi/jurisdictions/south-korea/) 2026-12-17 quarter - KZ [First-category payment organisation licensing commences](https://payments.gi/jurisdictions/kazakhstan/) 2026-10-01 quarter - LATAM [Mexico Fintech Law 2.0 (Digital Asset Custodian licence, open-finance APIs)](https://payments.gi/jurisdictions/latin-america/) 2026-Q4 half year - LATAM [Brazil eFX stablecoin-exclusion compliance deadline](https://payments.gi/jurisdictions/latin-america/) 2026-10-01 quarter - LI [PSD3/PSR reform to apply to LI via EEA incorporation](https://payments.gi/jurisdictions/liechtenstein/) 2027 multi year - LT [EMI Verified Payments capital-adequacy restoration deadline](https://payments.gi/jurisdictions/lithuania/) 2026-10-01 quarter - LT [Draft law on EMI/PI accumulation-account capital deposits](https://payments.gi/jurisdictions/lithuania/) 2026-Q4 half year - LU [CSSF Circular 26/906 compliance deadline](https://payments.gi/jurisdictions/luxembourg/) closed 2026-06-30 quarter - LU [CRD VI third-country-branch authorisation requirement phases in](https://payments.gi/jurisdictions/luxembourg/) 2027-01-11 quarter - LU [Mandatory instant euro transfer full-obligation deadline](https://payments.gi/jurisdictions/luxembourg/) 2027-04-09 quarter - MT [PSD3/PSR application merging PI/EMI licence categories](https://payments.gi/jurisdictions/malta/) 2027-Q4 year - MX [Banxico Circular 9/2026 compliance deadline for standardised SPEI mobile-transfer UX](https://payments.gi/jurisdictions/mexico/) 2026-12-14 quarter - MX [LRITF automatic backstop date for gradual-declaration issuance](https://payments.gi/jurisdictions/mexico/) 2027-04-01 half year - MY [Full CCA licensing compliance transition ends](https://payments.gi/jurisdictions/malaysia/) 2026-12-31 quarter - MY [BNM tech-risk policy full compliance deadline](https://payments.gi/jurisdictions/malaysia/) 2027-03-12 quarter - MZ [Payment-system operators' 180-day adaptation deadline under Law 15/2026](https://payments.gi/jurisdictions/mozambique/) 2027-Q1 quarter - NL [EU Instant Payments Regulation compliance wave for EMIs and PIs](https://payments.gi/jurisdictions/netherlands/) 2027-04-09 quarter - NO [PSD3/PSR EEA-wide entry into force expected](https://payments.gi/jurisdictions/norway/) 2027-2028 multi year - NP [NID linkage deadline for existing digital-wallet holders](https://payments.gi/jurisdictions/nepal/) 2026-10-17 quarter - NP [NRB Act 2058 amendment consultation outcome](https://payments.gi/jurisdictions/nepal/) 2026-Q4 half year - NZ [Kiwibank expected to join open banking API regime in stages during 2026](https://payments.gi/jurisdictions/new-zealand/) 2026-Q4 half year - NZ [MBIE payment-services regulation consultation outcome expected](https://payments.gi/jurisdictions/new-zealand/) 2027-Q1 year - PA [Draft Law No. 314 fintech licensing framework pending enactment](https://payments.gi/jurisdictions/panama/) 2027 multi year - PE [BCRP General Payments Regulation entry into force](https://payments.gi/jurisdictions/peru/) closed 2026-04-01 quarter - PE [BCRP payment-initiators regulation (Phase 4 open payments)](https://payments.gi/jurisdictions/peru/) 2026-Q2 half year - PE [BCRP TAPP platform testing and launch](https://payments.gi/jurisdictions/peru/) 2026-Q3 half year - PE [SBS Open Finance roadmap publication](https://payments.gi/jurisdictions/peru/) closed 2025-Q4 quarter - PK [PVARA NOC filing deadline for pre-existing VASPs](https://payments.gi/jurisdictions/pakistan/) closed 2026-09-05 quarter - PK [Government full digitisation of payments target](https://payments.gi/jurisdictions/pakistan/) closed 2026-06 quarter - PL [EU Instant Payments Regulation compliance for SPI indirect access](https://payments.gi/jurisdictions/poland/) 2027-01-09 quarter - PT [PSD3/PSR provisional political agreement](https://payments.gi/jurisdictions/portugal/) closed 2025-11-27 multi year - QA [QCB open-banking interoperability standards and unified consent model expected](https://payments.gi/jurisdictions/qatar/) 2026-Q4 half year - RO [OCT Inst cross-border instant-payment scheme in force](https://payments.gi/jurisdictions/romania/) closed 2026-07-01 quarter - RO [OCT Inst IT-compatibility deadline](https://payments.gi/jurisdictions/romania/) 2026-11-14 quarter - RS [NBS draft Law on Payment Services amendment package](https://payments.gi/jurisdictions/serbia/) 2026-Q4 half year - RS [NBS draft interchange-fee cap amendments](https://payments.gi/jurisdictions/serbia/) 2026-Q4 half year - RS [SEPA full PSP operational rollout](https://payments.gi/jurisdictions/serbia/) 2026-Q2 quarter - RU [CBR crypto-market implementing-act package completion expected](https://payments.gi/jurisdictions/russia/) 2026-10-31 quarter - SA [CMA FinTech ExPermit Instructions consultation closes](https://payments.gi/jurisdictions/saudi-arabia/) closed 2026-05-27 quarter - SE [Riksbank instant A2A payments deadline / potential IPR-style legislation](https://payments.gi/jurisdictions/sweden/) 2027-03 quarter - SE [Nordic NOLO cross-currency payment scheme expected](https://payments.gi/jurisdictions/sweden/) 2026-11 quarter - SE [Bankgirot Dataclearingen legacy system phase-out](https://payments.gi/jurisdictions/sweden/) 2026-Q2 quarter - SG [MAS stablecoin PSA amendment consultation closes](https://payments.gi/jurisdictions/singapore/) 2026-10-16 quarter - SN [PI-SPI generalisation deadline for all WAEMU institutions](https://payments.gi/jurisdictions/senegal/) closed 2026-06-30 quarter - TH [BOT Digital Channel Security Notification finalised](https://payments.gi/jurisdictions/thailand/) 2026-Q4 quarter - TH [BOT fee-standardisation notification full implementation](https://payments.gi/jurisdictions/thailand/) 2026-10 quarter - TH [SEC Thailand stablecoin transfer-cap consultation closes](https://payments.gi/jurisdictions/thailand/) closed 2026-09-25 quarter - TH [Thailand digital-asset Travel Rule takes effect](https://payments.gi/jurisdictions/thailand/) 2027-02-27 quarter - TN [BCT Circular 2026-10 enters into force](https://payments.gi/jurisdictions/tunisia/) 2026-12-25 quarter - TR [Remote-identification amendment for payment/e-money institutions in force](https://payments.gi/jurisdictions/turkey/) closed 2026-09-04 quarter - TR [MASAK large-transfer disclosure rule effective](https://payments.gi/jurisdictions/turkey/) closed 2026-01-01 quarter - UAE [New CBUAE Law full compliance deadline for newly-in-scope entities](https://payments.gi/jurisdictions/united-arab-emirates/) closed 2026-09-16 quarter - UAE [Ongoing rollout of RPSCS-replacement sub-regulations under the New CBUAE Law](https://payments.gi/jurisdictions/united-arab-emirates/) 2026-Q4 half year - UG [BOU OTC cash-withdrawal caps take effect](https://payments.gi/jurisdictions/uganda/) 2027-01-01 quarter - UK [PSR formal consultation on APP fraud reimbursement next steps](https://payments.gi/jurisdictions/united-kingdom/) 2026-Q4 quarter - US-AK [SB 86 implementing regulations and tiered fee structure](https://payments.gi/jurisdictions/united-states-alaska/) 2027-Q1 half year - US-CA [DFPI DFAL second-modification implementing regulations conclude](https://payments.gi/jurisdictions/united-states-california/) 2026-Q4 quarter - US-CT [Connecticut PA 25-66 virtual-currency/money-transmission amendments in force](https://payments.gi/jurisdictions/united-states-connecticut/) closed 2025-10-01 quarter - US-FL [Florida stablecoin licensing substantive provisions effective](https://payments.gi/jurisdictions/united-states-florida/) 2026-10-01 quarter - US-FL [Florida crypto-kiosk registration general effect date](https://payments.gi/jurisdictions/united-states-florida/) 2027-01-01 quarter - US-HI [Hawaii Digital Asset Charter program takes effect](https://payments.gi/jurisdictions/united-states-hawaii/) 2027-01-01 half year - US-ID [Idaho excise tax on international money transmissions (S1440)](https://payments.gi/jurisdictions/united-states-idaho/) 2027-Q1 year - US-IL [Illinois Digital Asset Tax Act takes effect](https://payments.gi/jurisdictions/united-states-illinois/) 2027-01-01 quarter - US-KY [SB 189 implementing regulations (Kentucky DFI)](https://payments.gi/jurisdictions/united-states-kentucky/) 2027-Q1 quarter - US-LA [Louisiana MTL transition window closes](https://payments.gi/jurisdictions/united-states-louisiana/) 2027-Q3 year - US-MA [MA domestic MTL transition deadline enforcement](https://payments.gi/jurisdictions/united-states-massachusetts/) 2026-Q3 quarter - US-ME [ESB conversion deadline for existing MT licensees](https://payments.gi/jurisdictions/united-states-maine/) closed 2026-01-31 quarter - US-ME [Maine kiosk-fraud Superintendent report](https://payments.gi/jurisdictions/united-states-maine/) 2026-Q1 quarter - US-MI [HB 5544 Money Transmission Modernization Act potential enactment](https://payments.gi/jurisdictions/united-states-michigan/) 2027-01-01 year - US-MN [Minnesota virtual-currency kiosk prohibition takes effect](https://payments.gi/jurisdictions/united-states-minnesota/) closed 2026-08-01 quarter - US-NC [NC prediction-market tax provision takes effect](https://payments.gi/jurisdictions/united-states-north-carolina/) 2027-01-01 quarter - US-ND [ND DFI 'alternative financing products' designation under Money Brokers Act](https://payments.gi/jurisdictions/united-states-north-dakota/) 2027 year - US-NE [NDBF Foreign Adversary Certification Order compliance deadline](https://payments.gi/jurisdictions/united-states-nebraska/) 2026-Q4 quarter - US-NH [RSA 399-G transition-protection clause sunset](https://payments.gi/jurisdictions/united-states-new-hampshire/) closed 2026-01-01 quarter - US-NJ [NJ Digital Asset and Blockchain Technology Act (A3454) — pending licensing regime](https://payments.gi/jurisdictions/united-states-new-jersey/) 2027-Q1 multi year - US-NY [NYDFS Proposed 23 NYCRR Part 202 (PPSI stablecoin framework)](https://payments.gi/jurisdictions/united-states-new-york/) 2026-Q4 half year - US-OH [Ohio HB 648 kiosk licensure and disclosure requirements](https://payments.gi/jurisdictions/united-states-ohio/) 2027-Q1 half year - US-OK [Oklahoma Money Transmission Modernization Act (HB 3521) takes effect](https://payments.gi/jurisdictions/united-states-oklahoma/) 2026-11-01 quarter - US-SC [S.4592 virtual-currency-kiosk MTL requirement](https://payments.gi/jurisdictions/united-states-south-carolina/) 2027-Q1 year - US-TN [Virtual-currency kiosk ban takes effect](https://payments.gi/jurisdictions/united-states-tennessee/) closed 2026-07-01 quarter - US-TX [Texas Strategic Bitcoin Reserve custody/liquidity-services procurement outcome](https://payments.gi/jurisdictions/united-states-texas/) 2026-Q4 half year - US-UT [Utah H.B. 141 international-transmission tax expected impact](https://payments.gi/jurisdictions/united-states-utah/) 2027-Q1 half year - US-VT [Act 142 commercial-financing licensing regime in force](https://payments.gi/jurisdictions/united-states-vermont/) 2027-07-01 quarter - US-WV [WV virtual-currency kiosk NMLS licensure deadline](https://payments.gi/jurisdictions/united-states-west-virginia/) 2026-11-01 quarter - US-WY [SPDI Act SF0055 amendments take effect](https://payments.gi/jurisdictions/united-states-wyoming/) closed 2026-07-01 quarter - US-WY [Reciprocity legislation for multi-state SPDI licensing drafted](https://payments.gi/jurisdictions/united-states-wyoming/) 2027-Q1 half year - USA [GENIUS Act statutory backstop effective date](https://payments.gi/jurisdictions/united-states/) 2027-01-18 half year - USA [GENIUS Act final implementing rules statutory deadline](https://payments.gi/jurisdictions/united-states/) closed 2026-07-18 quarter - USA [California DFAL licensing requirement in force](https://payments.gi/jurisdictions/united-states/) closed 2026-07-01 quarter - USA [CFPB revised Section 1033 rule anticipated publication](https://payments.gi/jurisdictions/united-states/) 2026-Q3 half year - UY [BCU VASP authorisation application window opens](https://payments.gi/jurisdictions/uruguay/) closed 2026-09-01 quarter - UY [BCU stable virtual asset payment-system integration target](https://payments.gi/jurisdictions/uruguay/) 2030 multi year - VN [Circular 41/2025/TT-NHNN e-wallet biometric/trade-name rules take effect](https://payments.gi/jurisdictions/vietnam/) closed 2026-01-01 quarter - ZA [SARB direct payment institution authorisation framework](https://payments.gi/jurisdictions/south-africa/) closed 2026-09-02 quarter - ZA [CMA low-value cross-border payment migration to TCIB](https://payments.gi/jurisdictions/south-africa/) 2027-03 half year