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Singapore to Roll Out Stablecoin Regulations, Expand CBDC Trials

Singapore's Monetary Authority is set to introduce stablecoin regulations and broaden its central bank digital currency (CBDC) trials. Managing Director Chia Der Jiun emphasized the importance of regulation for maintaining confidence as tokenization in finance increases. Stablecoins are seen as crucial for future financial networks, but without proper oversight, they risk de-pegging and losing stability. The upcoming framework will prioritize robust reserve backing and reliable redemption processes. MAS has been actively testing tokenized capital markets since 2022 and is collaborating with international partners to develop harmonized standards. Although there have been advancements in trading tokenized assets, challenges remain in achieving widespread adoption. The authority's goal is to combine strict consumer protection with innovative tokenization programs, aiming for a balanced regulatory framework that fosters growth while ensuring safety. Industry leaders are calling for clearer guidance for smaller innovators to further integrate into Singapore's financial ecosystem.

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Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm

Prosecutors from the Southern District of New York asserted that there was sufficient evidence to convict Roman Storm, a developer of Tornado Cash, which is a cryptocurrency mixing service. In response to Storm's acquittal motion, the DOJ argued that the trial established his role as a co-founder and

Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm, Prosecutors Say

Prosecutors from the Southern District of New York asserted that they possess sufficient evidence to convict Tornado Cash developer Roman Storm, challenging his recent motion for acquittal following his conviction on a conspiracy charge. The prosecution's filing highlighted that Storm was a co-founder of Tornado Cash and intentionally

Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm, Prosecutors Say

Prosecutors from the Southern District of New York made a filing asserting that they had sufficient evidence to convict Roman Storm, a developer of the crypto mixing service Tornado Cash. This motion counters Storm's request for acquittal following his earlier conviction for conspiracy to operate an unlicensed money

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