- Singapore’s MAS has proposed amendments to the Payment Services Act.
- The proposal would establish a formal regulatory framework for stablecoins.
- The public consultation period will remain open until October 16.
The Monetary Authority of Singapore (MAS) has proposed amendments to the Payment Services Act to create a formal regulatory framework for stablecoins.
The proposed changes aim to strengthen Singapore’s regulatory approach to digital payment tokens while providing greater clarity for stablecoin issuers and service providers. MAS has opened the proposal for public consultation, giving industry participants and stakeholders an opportunity to provide feedback before the framework is finalized.
The consultation will remain open until October 16.
Building a Clear Regulatory Framework
The proposed amendments are designed to establish a structured legal framework governing stablecoin issuance and related payment services.
By formalizing the rules, MAS aims to support innovation while maintaining high standards for consumer protection, financial stability, and operational resilience. Singapore has consistently positioned itself as a leading hub for digital assets through a balanced regulatory approach that encourages responsible innovation.
The latest proposal marks another step in the country’s evolving crypto policy.
Singapore Advances Stablecoin Regulation
The proposed Singapore stablecoin framework highlights the growing global focus on regulating digital payment assets.
As jurisdictions around the world introduce stablecoin legislation, Singapore’s updated framework could further strengthen its reputation as a major digital asset center. Market participants will be watching the consultation process and any revisions before the rules are finalized.
