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148 Singapore To Trial Tokenized Bills, Bring In Stablecoin Laws

Slashdot
BeauHD @ Slashdot · today 08:00 EDT

Singapore To Trial Tokenized Bills, Bring In Stablecoin Laws

An anonymous reader quotes a report from Reuters: Singapore's central bank will hold trials to issue tokenized MAS bills next year and bring in laws to regulate stablecoins as it presses forward with plans to build a scalable and secure tokenised financial ecosystem, the bank's top official said on Thursday. "Tokenization has lifted off the ground. But have asset-backed tokens achieved escape velocity? Not yet," said Chia Der Jiun, Managing Director of the Monetary Authority of Singapore (MAS), a keynote ad

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