Singapore’s New Stablecoin Framework: What Issuers Need to Know
Compartir:
On Sept 1 the Monetary Authority of Singapore proposed amending the Payment Services Act to enshrine its single-currency stablecoin framework and opened public consultation through Oct 16. The draft would require MAS licensing and added compliance for stablecoin issuers, prohibit licensed issuers from offering interest to holders, and aims to increase regulatory clarity for crypto adoption while likely reducing yield-driven demand.
Mercados de predicciones
Vea en qué se centran los traders
- MAS proposed changes to the Payment Services Act to bring its stablecoin framework into law.
- The proposal is open for public feedback until October 16, allowing stakeholder input.
- Licensed issuers will be prohibited from offering interest to stablecoin holders.
Singapore’s central bank has laid out detailed new rules for stablecoin issuers, and companies in the space now have to decide whether the official seal of approval is worth the extra cost and paperwork.
What Singapore Just Proposed
On September 1, the Monetary Authority of Singapore published a consultation paper proposing changes to the Payment Services Act to formally bring its single-currency stablecoin framework, first announced back in 2023, into law. The public comment period stays open until October 16.
New Rules for Issuers
Companies that want the official “MAS-regulated” label will need…
Read The Full Article Singapore’s New Stablecoin Framework: What Issuers Need to Know On Coin Edition.
Mercados de predicciones
Vea en qué se centran los traders
Compartir:
Mercados de predicciones
Vea en qué se centran los traders
Compartir:
Leer más
Stablecoin Selloffs Can Accelerate After a Critical Shock Threshold: Study
