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Singapore's central bank will hold trials to issue tokenised 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. "Tokenisation has lifted off the ground.…
The Monetary Authority of Singapore plans to trial the issuance of tokenized MAS bills to primary dealers settled with central bank digital currency, with details to be released next year.MAS Managing Director Chia Der Jiun said in a Thursday speech at the Singapore FinTech Festival that tokenizatio…