Singapore to Pilot Tokenized MAS Bills, Move to Regulate Stablecoins

Negotiators from the crypto industry and banks are reportedly close to resolving stablecoin yield rules in the CLARITY Act, lifting passage odds above 60%. Markets view the development as a renewed chance the bill will be signed into law this year, easing regulatory uncertainty for yield-bearing products.

Singapore-based exchange Coinhako reallocated 441.36 billion SHIB in the past 24 hours, Arkham data shows. The large on-chain move has drawn attention for its possible implications on custody and liquidity.

Japan's Financial Services Agency is proposing to raise the maximum prison term for unlicensed cryptocurrency sales from three to ten years, Nikkei reported on March 16. The move aims to deter illicit sellers and tighten oversight of crypto transactions.

South Korean authorities fined Bithumb about $24 million and issued a six-month partial ban after finding roughly 6.65 million violations tied to KYC and transaction-restriction controls. The penalty highlights intensifying regulatory scrutiny of crypto platforms.

Nasdaq and Intercontinental Exchange, the owner of the NYSE, are advancing plans to shift the $126 trillion global equity market onto blockchain as part of an effort to build an “everything exchange.” This strategy positions traditional market operators and crypto platforms as both competitors and collaborators.