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MAS Mulling Stablecoin Regulation
source link: https://fintechranking.com/2022/08/03/mas-mulling-stablecoin-regulation/
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The Monetary Authority of Singapore (MAS) is actively reviewing its approach to the regulation of stablecoin in the wake of the collapse of the TerraUSD (UST) and Luna tokens, and will consult the public in the coming months.
The regulator is looking into a framework that is tailored to the specific characteristics and risks of stablecoins such as regulating the reserve requirements and the stability of the peg.
Read more: Fintech News Singapore
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