MAS proposes new licensing framework for stablecoin issuers.
The Monetary Authority of Singapore is consulting on amendments to the Payment Services Act to introduce a 'stablecoin issuance licence'. This would apply to issuers who market their tokens as 'MAS-regulated stablecoins'.
Why it mattersLawyers advising digital asset issuers must track these requirements to ensure clients obtain the necessary licensing to use the 'MAS-regulated' designation.