Singapore's Progressive Crypto Framework: Navigating Innovation and Stability

Singapore's Progressive Crypto Framework: Navigating Innovation and Stability



The Monetary Authority of Singapore (MAS) has introduced a regulatory structure for single-currency stablecoins tied to the Singapore Dollar or any G10 fiat currency. Under this arrangement, tokens with a circulating value surpassing S$5 million will be classified as MAS-regulated stablecoins. Even though only one stablecoin currently operates in Singapore, this regulation supports the country's aim to stimulate digital asset innovation while maintaining stability.



MAS holds the perspective that stablecoins if regulated appropriately for value stability, can pave the way for pioneering concepts like on-chain digital asset exchanges.Singapore's stance on cryptocurrencyGiven the expected growth of the global stablecoin market from $125 billion to a staggering $2.8 trillion in the upcoming five years, countries like Singapore and the


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#Adoption, #Altcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Singapore

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