Global regulators are reshaping the digital currency landscape in distinct ways. The UAE is establishing a multi-issuer stablecoin infrastructure, signaling openness to diversified tokenized assets. Meanwhile, India and China are accelerating their central bank digital currency initiatives, each pursuing sovereign digital money strategies to strengthen monetary control. Adding to the momentum, Turkmenistan has joined Central Asia's growing crypto mining sector, reflecting the region's broader blockchain infrastructure expansion. However, a critical tension is emerging: regulators worldwide are increasingly forcing a binary choice between private stablecoins and CBDCs. This regulatory pressure is reshaping market dynamics, as authorities seek to balance financial innovation with monetary sovereignty and systemic stability.