Singapore central bank releases regulatory framework for stablecoins By Cointelegraph

Singapore’s central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) regulated in the city-state.

The Monetary Authority of Singapore announced the framework on Aug. 15, which is aimed at non-bank issued stablecoins pegged to the value of the Singapore dollar or G10 currencies such as the euro, British pound and United States dollar and whose circulation exceeds 5 million Singapore dollars ( $3.7 million).