🚨The Singapore Central Bank has released a revised regulatory framework for stablecoins to ensure market stability:

• The frame is designed for stablecoins issued by non-banks and pegged to the Singapore currency or G10 currencies

• Stablecoins must meet value stability, capital, redemption and disclosure requirements

• Only issuers that comply with the new framework can qualify for IAS regulated status

• Failure to comply may result in fines and imprisonment.

The framework will come into force following consultations and legislative amendments.