Singapore warns unregulated stablecoins pose systemic risk as new rules near
Market Intelligence Analysis
AI-PoweredThe Monetary Authority of Singapore has issued a warning about unregulated stablecoins posing a systemic risk, and has announced that only fully regulated, reserve-backed stablecoins will be allowed as settlement assets as new legislation approaches.
Market impact analysis based on bearish sentiment with 76% confidence.
Article Context
The Monetary Authority of Singapore says only fully regulated, reserve-backed stablecoins will qualify as settlement assets as Singapore prepares legislation and expands CBDC trials.
Analysis and insights provided by AnalystMarkets AI.