Singapore's financial regulator has proposed regulatory changes that will ban stablecoins from paying yield to investors.
The Monetary Authority of Singapore is proposing to amend the "Payment Services Act" to effectively bar stablecoin issuers from paying any yield.
Stablecoins are cryptocurrencies whose value is pegged to an underlying ***** et, typically the U.S. dollar.
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#yield #authority #Services
The Monetary Authority of Singapore is proposing to amend the "Payment Services Act" to effectively bar stablecoin issuers from paying any yield.
Stablecoins are cryptocurrencies whose value is pegged to an underlying ***** et, typically the U.S. dollar.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#yield #authority #Services
14 days ago
