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…
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 […]
