#Binanceholdermmt 🔹 What is the regulatory framework for stablecoins in Singapore?
The Monetary Authority of Singapore (MAS) has established a comprehensive regulatory framework for stablecoins, aimed at ensuring their value stability and protecting users. This framework focuses on single-currency stablecoins issued in Singapore, such as those pegged to the US dollar or Singapore dollar. It includes strict requirements related to transparency, capital reserves, and redemption mechanisms that ensure users can easily retrieve their funds when needed. The framework also imposes a clear obligation on issuers to disclose their financial and management policies. This step aims to build greater trust between users and financial institutions, and to encourage the use of stablecoins in the local digital economy in a safe and organized manner.
