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MAS announced the features of a new regulatory framework that seeks to ensure a high degree of value stability for stablecoins regulated in Singapore. The regulatory framework takes into account feedback received, following an October 2022 public consultation.

MAS Finalises Stablecoin Regulatory Framework

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📢 The Monetary Authority of Singapore (#MAS) has finalized the regulatory framework for #stablecoins. This move sets a new standard for stability and transparency in the #crypto industry. 

Read details👇
https://www.mas.gov.sg/news/media-releases/2023/mas-finalises-stablecoin-regulatory-framework 
#cryptoregulation #stablecoins #MAS 🇸🇬