The MAS plans to announce the Negotiated Feedback on Cryptocurrencies and Stablecoins by the middle of this year / Virtual Asset Supervision Trend in Taiwan

The Monetary Authority of Singapore (MAS) said on Monday that it aims to publish consultation feedback on cryptocurrencies and stablecoins by the middle of this year. MAS published a consultation paper last October, which sought a response to proposed regulatory measures to protect consumers from crypto trading risks and support the development of stablecoins. The feedback consultation period ended on 21 December. MAS received a great deal of feedback from a wide range of respondents. MAS is currently reviewing the feedback received and intends to publish responses to the consultation feedback in mid-2023. (PANews report)

In the current ecosystem of Flowring Technology, Lami NFT, SDChain, and SDA tokens will be directly linked to virtual assets, and the current summary of the views of all parties in Taiwan and Taiwan should be the Financial Supervisory Commission (FSC) in the future, so how to comply will become the top priority. Recently, many legal forums and conferences on the application of virtual assets have been held, and we hope to become a beachhead for compliance. (SDChain report)

SixDomainChain (SDChain) is the world’s first decentralized public blockchain ecosystem that integrates international standards of IoT Six-Domain Model and reference architecture standards for distributed blockchain.