Singapore Proposes Stablecoin License With 100% Reserves, No Holder Interest The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, has proposed amendments to the Payment Services Act creating a dedicated stablecoin issuance license, with only licensed issuers allowed to label their tokens “MAS-regulated stablecoins.” Issuers would be required to maintain at least 100% reserve backing, meet redemption deadlines and refrain from paying interest or other benefits linked to stablecoin holdings.
Wu BlockchainShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.