1. MAS: Tokenized Settlement Must Be Backed by Central Bank Money; Wholesale CBDC & Stablecoin Legislation Planned link

Chia Der Jieng, Managing Director of the Monetary Authority of Singapore (MAS), stated that scalable settlement in tokenised financial markets must rely on secure and trustworthy digital currencies, and central bank money will ultimately serve as the anchor for monetary stability. MAS is currently preparing to use wholesale CBDC for the settlement of tokenised MAS bills, and continues to push forward amendments to single-currency stablecoin legislation. It may consider granting systemically important stablecoins access to central bank reserves in the future. In addition, addressing risk control challenges brought by AI…