MAS finalises stablecoin regulatory framework

The Monetary Authority of Singapore will proceed with a new regulatory framework which will apply to issuances in Singapore of single-currency stablecoins which are pegged to the Singapore dollar or any G10 currency. The Payment Services Act will be amended to include “Stablecoin Issuance Service” as a new payment service regulated under the Act.

In this legal update, our Directors Chua Tju Liang and Benjamin Gaw summarise the new legal requirements that will be applicable to issuers of single-currency stablecoins which are regulated under the framework.

Please click here to read the update.