Financial Authority of Singapore
The Financial Authority of Singapore has finalized stablecoin rules requiring issuers to all the time totally again their cash with liquid property and fulfill redemption requests inside 5 enterprise days.
The central financial institution printed the brand new regulatory framework on August 15 following a public session in October 2022. Parliament should amend present legal guidelines to convey the brand new guidelines into drive.
This technique will apply to non-bank issuers of single-currency bonds.