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SINGAPORE, Aug. 15 (Xinhua) -- The Monetary Authority of Singapore (MAS) on Tuesday announced the features of a new regulatory framework that seeks to ensure a
The framework follows feedback from MAS’ October 2022 public consultation on the topic, and aims to ensure a high degree of value stability for stablecoins regulated in Singapore
In one of the biggest anti-money laundering operations, the Singapore Police Force rounded up a group of foreigners who had amassed about S$1 billion worth of assets there.
MAS has finalised its new stablecoin regulatory framework which included feedback from a public consultation in October 2022.
The framework will apply to single-currency stablecoins pegged to the Singapore Dollar or any G10 currencies issued in Singapore.