Singapore Proposes Stablecoin Issuance License With 100% Reserves
Covered by 2 sources · 2 articles
2 outlets - including Defi-planet and Blockchainreporter - are covering this story. Singapore is moving to give stablecoin issuers a dedicated licence under proposed amendments to the Payment Services Act. The Monetary Authority of Singapore (MAS) would allow only licensed issuers that meet its requirements to market their…
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Singapore Proposes New Stablecoin Licence With 100% Reserves, Place Ban on Interest
Singapore is moving to give stablecoin issuers a dedicated licence under proposed amendments to the Payment Services Act. The Monetary Authority of Singapore (MAS) would allow only licensed issuers that meet its requirements to market their…
Singapore Proposes Stablecoin Issuance License With 100% Reserves
Singapore’s MAS has proposed a stablecoin issuance license mandating full reserve backing and new powers to curb systemic stablecoin circulation.