Singapore Weighs Recognizing Foreign-Regulated Stablecoins Under MAS Framework

Singapore Weighs Recognizing Foreign-Regulated Stablecoins under MAS Framework

MAS is seeking feedback on recognizing a limited number of foreign issued stablecoins regulated under comparable overseas frameworks.

Singapore proposes new stablecoin rules covering foreign issuers and interest

The Monetary Authority of Singapore has proposed amendments to the Payment Services Act 2019 that would put its stablecoin framework into law while introducing rules for overseas issuers, interest payments and issuer wind-down plans. MAS published the consultation on Sept.…

Singapore Considers Rule Changes for Select Foreign-Issued Stablecoins

The Monetary Authority of Singapore (MAS) has moved to revisit a key element of its stablecoin regime, proposing changes that would allow some stablecoins connected to multiple jurisdictions to fall under Singapore’s regulatory framework. The development arrives through a new public consultation on amendments to the Payment Services Act (PSA) and associated policy adjustments. In [...]

CoinStats - MAS proposes to regulate jointly issued stabl...

🚨 MAS proposes new rules to regulate jointly issued stablecoins in Singapore. 💡 Under these plans, stablecoins involving both local and foreign issuers may qualify as “MAS-regulated.” 🌐 Additional measures include bans on interest and new consumer protection rules. 🚀 The shift aligns with the rise of tokenized assets and direct Web3 market access beyond $BTC. Continue Reading:MAS proposes to regulate jointly issued stablecoins under new fram…

MAS consults on legislative amendments to implement stablecoin regulatory framework

The Monetary Authority of Singapore (MAS) has on Tuesday published a consultation paper on proposed legislative amendments to the Payment Services Act 2019 (PS Act) to implement MAS’ regulatory framework for stablecoins in Singapore.

Singapore Moves Closer to Dedicated Stablecoin Regulation

Singapore is moving closer to regulating stablecoin issuers under a dedicated framework. The Monetary Authority of Singapore (MAS) is seeking feedback on changes to the Payment Services Act 2019. These would establish the requirements issuers must meet to qualify as MAS-regulated stablecoin issuers. Who Can Use the MAS Stablecoin Label Only issuers licensed under the [...] The post Singapore Moves Closer to Dedicated Stablecoin Regulation appear…