Key Takeaways:
- Singapore’s Monetary Authority (MAS) is consulting on legislative amendments to introduce its stablecoin regulatory framework under the Payment Services Act.
- The proposed rules center on reserve assets and stability, redemption, disclosures and protections for holders of regulated stablecoins.
- MAS is also asking for opinions on stablecoins issued across borders, foreign-issued stablecoins and the interest payments that can be made to the holders of stablecoins.
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