Singapore Plan Would Ban Interest on MAS-Regulated Stablecoins
Singapore is proposing to prohibit interest payments on MAS-regulated stablecoins while adding stress tests, recovery plans and stronger customer safeguards. The consultation also opens potential pathways for jointly issued and selected foreign-regulated stablecoins. MAS Proposes Interest Ban and Stronger Issuer Safeguards The Monetary Authority of Singapore (MAS) proposed legislative changes Sept. 1 that would prohibit […]
Key Takeaways
- Singapore is proposing to prohibit interest payments on MAS-regulated stablecoins while adding stress tests, recovery plans and stronger customer safeguards.
- The consultation also opens potential pathways for jointly issued and selected foreign-regulated stablecoins.
- MAS Proposes Interest Ban and Stronger Issuer Safeguards The Monetary Authority of Singapore (MAS) proposed legislative changes Sept.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
US Operation Economic Outcast Targets Global Financial Lifelines
Operation Economic Outcast is preparing to expand its banking offensive, with Treasury Secretary Scott Bessent saying the U.S. plans to sanction another bank. The planned action follows FinCEN’s proposal targeting Banque Misr UAE. How Treasury Uses Dollar…
Leaked compliance records shatter anonymity of 291 crypto users by matching names directly to wallet activity
Copied support records exposed varying combinations of identity, location and compliance data, while private keys and customer funds remained safe. The post Leaked compliance records shatter anonymity of 291 crypto users by matching names directly to wallet…
How the Ripple-Settlemint Deal Could Change Institutional Crypto
Ripple and Settlemint are combining digital asset custody and tokenization tools for regulated financial institutions. The integration could reduce reliance on separate providers for issuance, compliance, settlement, custody, and ongoing asset servicing.…