Redemptions of MAS-regulated single-currency stablecoins will have a longer grace period which is five business days despite some arguing that it should be done in real-time.
The framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singapore.
The crypto exchange is the 12th to receive a crypto-dealing license in the country allowing it to service accredited investors and institutions.
Singapore’s central bank recognized the importance of partnering with industry players to support solutions from emerging technologies like Web3.
David Higley, Shan Shan, Lia Zhang and Frankie Zhu sat down at the GamesBeat Summit to talk industry investments, mergers and acquisitions.