The Monetary Authority of Singapore (MAS) has issued a warning regarding the systemic risks associated with unregulated stablecoins, indicating that new regulations are forthcoming. MAS emphasized that the lack of regulation in the stablecoin sector could lead to significant financial instability. The authority highlighted concerns that unregulated stablecoins may not provide adequate consumer protection or risk management. In response to these risks, MAS is preparing to implement regulatory measures aimed at ensuring the stability and security of the financial system.
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