Singapore: Opened consultation on measures to regulate stablecoin issuing and activities
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Description
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 standards applying to stablecoin issuers, including in relation to value stability and prudential standards. The consultation closes on 21 December 2022.
Original sourceScope
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank
Complete timeline of this policy change
Hide details
2022-10-26
in consultation
2022-12-21
processing consultation