stablecoins

Singapore’s Stablecoin Regulatory Framework Announced: All Details

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[ad_1] Singapore has announced a framework for stablecoins, as the overall global crypto sector faces increased rules and regulations in different parts of the world. The Monetary Authority of Singapore (MAS) announced these rules on August 15, which now allow for stablecoins to become part of the country’s existing financial system. The government of Singapore … Read more

Banks Must Obtain Written Non-Objection to Transact in Stablecoins, Says US Federal Reserve

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[ad_1] State banks that are a member of the US Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a new supervisory letter Tuesday. The Fed also said it is creating a … Read more

EU States Approve World’s First Comprehensive Set of Rules to Regulate Crypto in Wake of FTX Collapse

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[ad_1] European Union states on Tuesday gave the final nod to the world’s first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and the United States to play catch up. An EU finance minister meeting in Brussels approved rules that were thrashed out with the European Parliament, … Read more