Monetary Authority of Singapore Introduces Regulatory Framework for Single-Currency Stablecoins

To get "MAS-regulated" status, stablecoins should provide monthly submission of independent attestations of their reserves to the central bank

To get "MAS-regulated" status, stablecoins should provide monthly submission of independent attestations of their reserves to the central bank

The MAS and the FSA established a collaboration for the combined regulation and pilot testing of cryptocurrency projects.

Officials in Singapore are working with local financial institutions to create common criteria for vetting clients in the digital asset market.

MAS claims that FTX.com is not operational in Singapore.