2026-01-01 18:23:50

Singapore's financial regulator is advancing comprehensive stablecoin legislation that mandates full reserve backing and explicit redemption rights for issuers. This regulatory framework targets stricter governance over stablecoin issuance while simultaneously fostering broader payment adoption across the market.

Simultaneously, the nation is pushing forward with wholesale CBDC initiatives. A key pilot program has begun tokenizing government bills, marking a significant step in public finance modernization. These developments underscore Singapore's commitment to strengthening its blockchain infrastructure within the financial sector, positioning the city-state as a progressive hub for digital currency and Web3 innovation.

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GasFeeSobber

· 8h ago

Singapore's move is really aggressive—first freezing stablecoins and then pushing CBDC... Trying to monopolize the payment race?

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BrokeBeans

· 8h ago

Singapore's recent moves are quite aggressive, with full reserve requirements and mandatory redemption rights. It looks like regulation, but in reality, it's whitewashing stablecoins.

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CodeSmellHunter