Singapore's central bank proposes new stablecoin rules including a dedicated issuance licence, 100% reserve backing, par redemption…
Singapore's central bank proposes new stablecoin rules including a dedicated issuance licence, 100% reserve backing, par redemption, customer fund safeguards and tighter risk requirements The framework would also ban interest payments to holders and introduce stricter oversight for systemic and foreign-issued stablecoins Source
The excerpt is quoted from a public Telegram channel, which owns its text.