Singapore Moves Closer to Adopting Stablecoin Regulatory Framework
Singapore’s financial regulator is closer to implementing a regulatory framework for stablecoins. The Monetary Authority of Singapore (MAS) on Tuesday (Sep. 1) published new proposed legislative amendments to the Payment Services Act, which would establish ways for stablecoin issuers to become MAS-regulated. “MAS’ proposed legislative amendments will give effect to a stablecoin framework that…
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