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 […]
Source: https://news.bitcoin.com/regulation-and-legal/singapore-plan-would-ban-interest-on-mas-regulated-stablecoins/
