RWATimes on Nostr: 📰 Singapore proposes recognizing overseas stablecoins under new regulatory ...

📰 Singapore proposes recognizing overseas stablecoins under new regulatory framework
🗓️ Sep 01 2026 12:35 UTC

BitcoinWorld Singapore proposes recognizing overseas stablecoins under new regulatory framework Singapore’s central bank has opened a public consultation on a proposal that could bring certain stablecoins issued jointly with overseas institutions or regulated abroad into its dome...

➤ Singapore's Monetary Authority (MAS) is proposing a new regulatory framework to recognize certain overseas stablecoins for cross-border wholesale transactions.
➤ The framework requires stablecoins to meet stringent standards, including 100% asset backing, minimum capital, and immediate redemption, while prohibiting interest payments.
➤ This move aims to integrate Singapore into the global digital asset market while prioritizing investor protection and financial stability, potentially setting a precedent for other jurisdictions.

#singapore #stablecoins #mas #regulatoryframework #crossborder #wholesaletransactions #assetbacking #paymentservicesact #digitalassets

🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-singapore-proposes-recognizing-overseas-stablecoins-under-new-regulatory-framework-2437330444