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.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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.
Original source
Read on CointelegraphRelated market context
Mastercard Launches Stablecoin Security to Screen Risk Before Funds Move Onchain
Key Takeaways: Mastercard released Stablecoin Security for assisting banks to identify fraud and sanctions/malicious activities be...
The Architecture of Money: Mapping Financial Power in the Age of Bitcoin
Bitcoin Magazine The Architecture of Money: Mapping Financial Power in the Age of Bitcoin Money determines where we live, what we...
Stablecoin Growth Cooled as Deposit Rates Rose, With USDC Most Exposed, Working Paper Says
When U.S. banks paid savers more, stablecoins grew more slowly, according to a Bank for International Settlements working paper pu...
Morgan Stanley Builds Crypto Lab to Test Stablecoins, Tokenization and DeFi at Scale
Key Takeaways: Morgan Stanley has opened a Digital Asset Lab dedicated to blockchain technologies. The test is to be applied to th...
Blockchain Association says Treasury’s GENIUS Act rollout needs clearer DeFi, foreign issuer rules
The group filed comments on Treasury's proposed rule implementing the GENIUS Act, which governs who can issue and sell payment sta...
European Banking Authority Puts USDC Under Significant-Token Supervision
The European Banking Authority has designated USDC as the EU’s first significant e-money token under MiCA, setting up an additiona...