SINGAPORE -- Singapore plans to label so-called stablecoins, or cryptocurrencies pegged to legal tender, for issuers who meet regulatory criteria, as it works to bring greater transparency and stability to the fast-growing industry.
Cryptocurrencies
Singapore to label regulated stablecoins in transparency push
Issuers must meet criteria on value stability, minimum capital, others
New rules governing stablecoins highlight Singapore's efforts to improve regulatory oversight while spurring innovation in the Asian financial hub. © Reuters
Read Next
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Cryptocurrencies
