( September 2, 2026, 02:05 GMT | Official Statement) -- MLex Summary: The Monetary Authority of Singapore, the city-state's central bank, is consulting on legislative amendments to the Payment Services Act to implement its framework for regulating single-currency stablecoins, including requirements on value stability, capital, redemption and disclosures. MAS also proposes allowing jointly issued Singapore-foreign stablecoins to qualify as “MAS-regulated stablecoins” and recognizing a limited number of foreign-issued stablecoins regulated under comparable regimes. Additional measures would prohibit interest payments on regulated stablecoins, require stress testing and recovery and wind-down plans, and strengthen consumer safeguards. The consultation closes Oct. 16.Statement follows. Relevant documents are attached. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.