MAS ahead of global peers in issuing stablecoin guidelines: OKX Singapore
Two years after Singapore's central bank set out its requirements for stablecoin users, the city-state's move is starting to bear fruit. The recently passed GENIUS Act in the US has also added fresh fuel to global stablecoin ambitions. San Jose-headquartered crypto exchange OKX is also making its move, launching the first stablecoin scan-to-pay service, OKX Pay, in Singapore. CNA's Elizabeth Neo speaks to Gracie Lin, CEO of OKX Singapore, on the developments.
Two years after Singapore's central bank set out its requirements for stablecoin users, the city-state's move is starting to bear fruit. The recently passed GENIUS Act in the US has also added fresh fuel to global stablecoin ambitions. San Jose-headquartered crypto exchange OKX is also making its move, launching the first stablecoin scan-to-pay service, OKX Pay, in Singapore. CNA's Elizabeth Neo speaks to Gracie Lin, CEO of OKX Singapore, on the developments.
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