On 15 August 2023, the Monetary Authority of Singapore (“MAS“) released the finalised regulatory framework for stablecoins regulated in Singapore in its “Response to Public Consultation on Proposed Regulatory Approach for Stablecoin-related Activities” (“Response“) where MAS responded to feedback received on MAS’ earlier public consultation which was published in October 2022 where MAS first set out its proposals for the new regulatory framework. This Update provides a high-level outline of the key aspects of the regulatory approach to stablecoins under the new regulatory framework, spotlighting (where relevant) salient updates from the Response.
For more information, click here to read the full Legal Update.
