Singapore proposes 100% reserves and a ban on yields for stablecoin issuers
8 Articles
8 Articles
Singapore proposes 100% reserves and a ban on yields for stablecoin issuers
Proposal for regulation of stablecoins in Singapore includes reserves of 100% and veto of revenuesSingapore proposes reservation of 100% and prohibition of interest for stablecoins in public consultation
Singapore Tighten Stablecoin Rule: 100% Backing, Ban on Interest
The post Singapore Tightens New Stablecoin Rules: 100% Backing, Ban on Interest appeared first on Coinpedia Fintech News Monetary Authority of Singapore (MAS) has today proposed a new licensing framework focused on stablecoin reserves, redemption, and user protection. The plan could give compliant stablecoins a clearer role in digital finance, while issuers that fail to meet the rules would remain under the Digital Payment Token framework. MAS S…
The Monetary Authority of Singapore proposes to reform its Payment Services Act to establish a legal framework on stablecoins, with reservation requirements, equal repayment, disclosure and capital. The public consultation will remain open until October 16, 2026, while the market follows expectations around STRC without there being a confirmed causal relationship with the regulatory initiative. *** The MAS initiated a public consultation on amen…
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