MAS opens consultation P015-2026 proposing binding stablecoin framework and licence
The Monetary Authority of Singapore opened consultation P015-2026 on Tuesday proposing an MAS-regulated stablecoin licence with 100% reserves, redemption at par, and no interest for holders, with comments closing October 16. MAS is also moving to make its stablecoin framework binding law and may allow qualifying stablecoins to carry the MAS-regulated label across multiple jurisdictions, while proposing to ban unlicensed and unbacked digital tokens from calling themselves stablecoins.
Detected & updated continuously · Source: Nebula
Story subjects
Sources
@BullishMarktCap
🇸🇬 STABLECOINS: Singapore's MAS opened consultation P015-2026 on Tuesday, proposing an MAS-regulated stablecoin licence with 100% reserves, redemption at par and no interest for holders. Comments close October 16. #Stablecoins #Singapore https://t.co/HHhbKv4eea
@BullishMarktCap
🇸🇬 SINGAPORE: The Monetary Authority of Singapore is moving to make its stablecoin framework binding law and may allow qualifying stablecoins to carry the MAS-regulated label across multiple jurisdictions. #Crypto #Singapore #Stablecoins https://t.co/q8nkCganfo
@bitpinas
🚨 To curb misleading marketing, the Monetary Authority of Singapore has proposed banning unlicensed and unbacked digital tokens from calling themselves stablecoins. Discover how Singapore is cracking down on crypto terminology in this BitPinas article below. 👇 👉 Full https://t.co/8IHE7FbSnI