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As more stablecoins emerge, MAS mulls impact on Singdollar stability

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Singapore will take an "open mind" towards a new breed of cryptocurrencies known as stablecoins - with Facebook’s Libra the most famous example - but is wary of the risks they pose to central banks' control over monetary policy, said managing director of the Monetary Authority of Singapore (MAS) Ravi Menon.

SINGAPORE will take an "open mind" towards a new breed of cryptocurrencies known as stablecoins - with Facebook’s Libra the most famous example - but is wary of the risks they pose to central banks' control over monetary policy, said managing director of the Monetary Authority of Singapore (MAS...

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