Articles tagged with "Monetary Authority of Singapore"
Singapore is tightening stablecoin rules into law, requiring real reserves, par redemption, stress tests, and wind-down plans while banning interest on regulated coins. The goal: keep stablecoins useful for settlement without letting the usual crypto chaos sneak in through the back door.
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Singapore’s Monetary Authority of Singapore (MAS) just drew a very clear line: crypto businesses are welcome, but sloppy compliance gets shown the door. Bsquared Technology Pte Ltd has lost its Major Payment Institution license after MAS found serious failings in its controls, disclosures, and operating structure. MAS revoked Bsquared’s Major Payment Institution license Inspectors found […]
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Ripple Partners with Singapore’s MAS for RLUSD Stablecoin Pilot in Blockchain Trade Finance Ripple has taken a significant step forward by teaming up with the Monetary Authority of Singapore (MAS) under the groundbreaking BLOOM initiative. This pilot program leverages Ripple’s RLUSD stablecoin and the XRP Ledger to test programmable settlement systems for cross-border trade finance, […]
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