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Singapore proposes 100% reserves and a ban on yields for stablecoin issuers
The country’s financial watchdog says its proposed stablecoin rules are aligned with U.S. and EU frameworks and that it also paves the way for the recognition of foreign stablecoin.
· 1 min read · 97 words · via CoinDesk
Wire briefing
The country’s financial watchdog says its proposed stablecoin rules are aligned with U.S. and EU frameworks and that it also paves the way for the recognition of foreign stablecoin.
Source: CoinDesk. This is a wire summary for GetFreeBit readers - verify the original report before making custody, trading, or tax decisions. Not financial advice.
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