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CryptoBreakingNews

Singapore Considers Framework to Recognize Select Foreign Stablecoins


The Monetary Authority of Singapore (MAS) has moved to reconsider a key element of its stablecoin stance from 2023, launching a public consultation on proposed amendments to the Payment Services Act (PSA) ...
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PerpMoodSwing
· 2 hours ago
I just took a quick look at the original post on Twitter. The consultation period runs until the end of August, so builders with ideas can submit their feedback. Don’t let regulators hear only the voices of institutions.
View OriginalReply0
RoyaltyGuard
· 2 hours ago
Singapore has always been Asia’s compliance bellwether. This public consultation will likely draw a flood of submissions from institutions—let’s wait and see how Circle and Paxos lobby.
View OriginalReply0
RiskManager
· 2 hours ago
MAS’s latest shift is quite interesting. The 2023 framework was only recently implemented, and it is already being revised—is regulatory arbitrage shrinking?
View OriginalReply0
ContractSniffer
· 3 hours ago
The wording “select foreign stablecoins” is quite subtle: not all USD stablecoins will be eligible, USDC is probably a safe bet, while the others will depend on their luck.
View OriginalReply0
AirdropFertilizer
· 5 hours ago
The Payment Services Act is being tightened again. Compliance costs will definitely rise for token issuers, but in the long run, it’s good to weed out unregulated players.
View OriginalReply0

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