MAS seeks feedback on proposals regulating value, user protection for stablecoins
The proposal would let only licensed issuers use the MAS-regulated label and require capital, redemption and disclosure safeguards.
8 Articles
8 Articles
MAS consults on new stablecoin regulatory framework
The Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulatory authority, has launched a public consultation on proposed changes to the Payment Services Act 2019, aimed at bringing its regulatory framework for stablecoins into force. The proposed legislative amendments will establish the criteria stablecoin issuers must meet to become MAS-regulated, along with the […] The post MAS consults on new stablecoin regulato…
Key points of the news: The Singapore Monetary Authority (MAS) opened a public consultation to recognize stablecoins issued in multiple jurisdictions under its regulatory framework. The proposal would allow tokens issued jointly by a Singaporean issuer and a foreign one to receive the label "MAS-regulated stablecoins" if the risks are under control. MAS also evaluates recognition of the ... Read more
Stablecoin Regulation: Singapore’s New Framework
Stablecoin Regulation in Singapore is taking a significant step forward. The Monetary Authority of Singapore (MAS) has published a consultation paper proposing legislative changes to the Payment Services Act 2019. This move aims to establish a comprehensive regulatory framework for stablecoins, potentially setting a benchmark in the fintech industry. Table of Contents Introduction Key Facts […]
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