CoinDesk

Singapore proposes 100% reserves and a ban on yields for stablecoin issuers

Singapore proposes 100% reserves and a ban on yields for stablecoin issuersWorldPing

The country’s financial watchdog says its proposed stablecoin rules are aligned with U.S. and EU frameworks and that it also paves the way for the recognition of foreign stablecoin.

This is a short WorldPing brief. The full report was published by CoinDesk.

Read the full report at CoinDesk

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Singapore weighs recognizing some foreign-issued stablecoinsWorldPing
Cointelegraph

Singapore weighs recognizing some foreign-issued stablecoins

Singapore is considering allowing jointly issued cross-border stablecoins into its regulatory regime, revisiting its earlier decision to restrict the framework to domestic issuance.

Brief by WorldPing · Original reporting by Cointelegraph