What MAS Finalises Stablecoin Regulatory Framework for Single-Currency Stablecoins (SCS) Pegged to the Singapore Dollar or G10 Currencies requires
This regulation applies to issuers of single-currency stablecoins (SCS) pegged to the Singapore Dollar or any G10 currency and issued in Singapore. It mandates requirements for value stability via reserve composition, capital adequacy, redemption at par within five business days, and disclosures. Only compliant issuers may label their tokens as 'MAS-regulated stablecoins' under the framework.
Pillar: Crypto & Sovereign Finance · Authority: Monetary Authority of Singapore · Version: 1.0.0 · Last updated:
Primary source: https://www.mas.gov.sg/news/media-releases/2023/mas-finalises-stablecoin-regulatory-framework
SHA-256 integrity: cae960c10d235bdd279feb39a502d1ebda7cda40c43b39116897f02a8e5dad80
Primary Citations — 5 traced to source
- MAS Finalises Stablecoin Regulatory Framework, https://www.mas.gov.sg/news/media-releases/2023/mas-finalises-stablecoin-regulatory-framework, Section 3, 2023
- MAS Finalises Stablecoin Regulatory Framework, https://www.mas.gov.sg/news/media-releases/2023/mas-finalises-stablecoin-regulatory-framework, Section 4, 2023
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