Singapore central bank says three business days is ‘timely transfer’ for stablecoins
On Aug. 15, the Monetary Authority of Singapore (MAS) released its regulative framework for stablecoins in the city-state. Screenshot of MAS action to the public assessment on stablecoins.”Apart from stablecoin transfers, MAS also suggested that SCS redemptions require a longer time period.
Thank you for reading this post, don't forget to subscribe!
Related Content
- SEC sues Kraken alleging it’s an unregistered exchange, mixes user funds
- Hong Kong securities regulator issues in-principle approval to HKVAX
- Price analysis 9/6: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
- The Future of Cryptocurrency: 5 Reasons Why Bitcoin Will Continue to Grow
- Bitcoin’s bullish hype fades, but analyst says PlanB’s stock-to-flow model is still relevant