MAS proposes changes to Singapore’s stablecoin regulations
Amendments would see multi-jurisdictional and foreign stablecoins recognised
The Monetary Authority of Singapore (MAS) has proposed changes to regulate multi-jurisdictional and foreign-issued stablecoins, while seeking feedback on how issuers could use the returns earned on pools of backing assets.
The MAS today (September 1) published a consultation paper on proposed amendments to Singapore’s payments legislation that would update the stablecoin regulatory framework implemented in 2023. In addition to multi-jurisdictional stablecoins, the MAS said it would seek feedback
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