Progress

Current status
adopted
15 Aug 2023 adopted
21 Dec 2022 processing consultation
26 Oct 2022 in consultation

Scope

Implementers
Singapore
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national

Timeline of events

15 Aug 2023
adopted

Published Regulatory Framework for Stablecoin Issuers

On 15 August 2023, The Monetary Authority of Singapore (MAS) made public the features of the regulatory framework for stablecoins which will apply to single-currency stablecoins (SCS) pegged to the Singapore Dollar or any G10 currency issued within …

Source
Event type order
Action type adoption
Government branch executive
Government body central bank
21 Dec 2022
processing consultation

Closed consultation on measures to regulate stablecoin issuing and activities

On 21 December 2022, the Monetary Authority of Singapore (MAS) closed the consultation on its Proposed Regulatory Approach for Stablecoin-Related Activities. Aiming to set out regulations applying to the issuing of stablecoins, MAS proposes certain …

Source
Event type order
Action type consultation closed
Government branch executive
Government body central bank
26 Oct 2022
in consultation

Opened consultation on measures to regulate stablecoin issuing and activities

On 26 October 2022, the Monetary Authority of Singapore (MAS) published a consultation on its Proposed Regulatory Approach for Stablecoin-Related Activities. Aiming to set out regulations applying to the issuing of stablecoins, MAS proposes certain …

Source
Event type order
Action type consultation opened
Government branch executive
Government body central bank