CoinScoopSingapore MAS Proposes Strict Stablecoin Regulatory Framework
The Monetary Authority of Singapore (MAS) has released a consultation paper on a new regulatory framework for stablecoins. The proposed rules mandate that stablecoin issuers maintain 100% reserve backing and prohibit the payment of interest to token holders, aligning Singapore's approach with standards observed in the United States and Europe.
Summaries are written by AI from the original article. Not investment advice.