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Singapore warns unregulated stablecoins pose systemic risk as new rules near

The Monetary Authority of Singapore says only fully regulated, reserve-backed stablecoins will qualify as settlement assets as Singapore prepares legislation and expands CBDC trials.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Singapore warns unregulated stablecoins pose systemic risk as new rules near

The Monetary Authority of Singapore says only fully regulated, reserve-backed stablecoins will qualify as settlement assets as Singapore prepares legislation and expands CBDC trials.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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