The submit Singapore Introduces New Regulatory Framework for Stablecoins! appeared first on Coinpedia Fintech Information
The Financial Authority of Singapore (MAS) has just lately launched a brand new regulatory framework for stablecoins within the nation. The framework goals to advertise sturdy worth stability of those digital property, and it applies to all issuers, blockchain platforms and intermediaries coping with Singapore dollar-backed stablecoins. It additionally units out the necessities for these entities to acquire a license from the MAS, which incorporates the necessity for an audited annual monetary assertion and information on the property backing the stablecoin. MAS stated that this new regulatory framework is critical to encourage the expansion of Stablecoins whereas defending towards potential dangers.
