MAS chief: tokenized finance settlements must be backed by central bank money
- —MAS is testing wholesale CBDC for settlement of tokenized MAS bills
- —Regulator is weighing giving systemically important stablecoins access to central bank reserves
- —MAS and industry published SAFR 1.1 whitepaper on risks of AI agents executing financial transactions
Why it matters: A major regulator signaling that tokenized settlement should be anchored in CBDC rather than private stablecoins.
Source: Digital Today
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