MAS Proposes Regulatory Framework for Stablecoins in Singapore

Singapore's Monetary Authority of Singapore (MAS) has proposed amendments to the Payment Services Act of 2019, aiming to establish a formal regulatory framework for stablecoins.

The proposal covers critical aspects like reserve backing, redemption at par, disclosure, and capital standards, indicating a move towards enforceable legislative rules.

The consultation period for public feedback is open until October 16, 2026, highlighting the ongoing process toward formal regulation.