Singapore proposes dedicated stablecoin licence with interest ban; SE Asia crypto funding rebounds to $680M; South Korea advances tokenized stock pilots; Thailand tightens self-custody checks; Kyrgyzstan pushes crypto regulation.
DeFi & Yields ·
Singapore's monetary authority is proposing a dedicated licensing framework for stablecoins that would include restrictions on interest-bearing offerings, along with reserve requirements and powers to burn or freeze tokens. Meanwhile, funding activity across Southeast Asia has rebounded to $680M, signaling renewed investment momentum in the region's crypto sector. [Additional regulatory developments]
South Korea is advancing pilot programs for tokenized stock trading, while Thailand has moved to strengthen oversight of self-custody wallet practices. Kyrgyzstan is simultaneously pursuing a comprehensive crypto regulatory framework and conducting testing of a digital Som initiative.
The Singapore proposal marks an attempt to establish clearer rules around stablecoin operations, though full implementation details and timeline remain to be specified. The broader Southeast Asian funding recovery suggests investor appetite is returning after prior constraints, though what specific projects or segments are driving the rebound is not yet detailed in available reports.