Yesterday, the Monetary Authority of Singapore (MAS) officially published what will be the regulatory framework for stablecoin providers who wish to operate legally within the country.
The framework is not intended to downgrade the stablecoin industry, but rather to provide a number of protections to investors in order to limit the risk of insolvency on the part of companies engaged in the issuance of this token topology.
Those who wish to adhere to the Singapore regulatory framework will have to meet certain requirements.
Full details below.
Singapore’s MAS issues framework for stablecoin regulation: all requirements for providers
The central banking institution of the State of Singapore, also known as the Monetary Authority of Singapore (MAS) on Tuesday issued a new framework regarding the regulation of stablecoins within the country.
The work by the regulators started in October 2022 and we have finally reached a turning point.
From now on, any issuer of crypto tokens pegged to t
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