{"id":"singapore-proposes-stablecoin-licensing-and-reserve-safeguards","canonicalSlug":"singapore-proposes-stablecoin-licensing-and-reserve-safeguards","url":"https://wellficent.com/en/news/singapore-proposes-stablecoin-licensing-and-reserve-safeguards","language":"en","title":"Singapore proposes licensing and reserve safeguards for stablecoin issuers","summary":"MAS proposed legislative changes to implement its single-currency stablecoin framework, including capital, redemption and disclosure rules.","body":["The Monetary Authority of Singapore published proposed amendments to the Payment Services Act on 1 September to implement its regulatory framework for single-currency stablecoins issued in Singapore and pegged to the Singapore dollar or a G10 currency. Issuers would need to meet safeguards for value stability, capital, redemption at par and disclosure to qualify as MAS-regulated.","The consultation also covers joint Singapore-foreign issuance, limited recognition of comparable foreign-issued stablecoins, stress testing and orderly wind-down plans. MAS proposed barring interest payments on regulated stablecoins and requiring issuers to safeguard customer money received before tokens are issued. Comments are due by 16 October 2026."],"keyPoints":[],"sections":[],"text":"Singapore proposes licensing and reserve safeguards for stablecoin issuers\n\nMAS proposed legislative changes to implement its single-currency stablecoin framework, including capital, redemption and disclosure rules.\n\nThe Monetary Authority of Singapore published proposed amendments to the Payment Services Act on 1 September to implement its regulatory framework for single-currency stablecoins issued in Singapore and pegged to the Singapore dollar or a G10 currency. Issuers would need to meet safeguards for value stability, capital, redemption at par and disclosure to qualify as MAS-regulated.\n\nThe consultation also covers joint Singapore-foreign issuance, limited recognition of comparable foreign-issued stablecoins, stress testing and orderly wind-down plans. MAS proposed barring interest payments on regulated stablecoins and requiring issuers to safeguard customer money received before tokens are issued. Comments are due by 16 October 2026.","category":"finance","region":"world","topics":[],"eventDate":"2026-09-01","eventDateBasis":"source-event-or-period","publishedAt":"2026-10-06T00:01:40Z","modifiedAt":"2026-10-06T00:01:40Z","publicationBasis":"first-publication","preparedAt":null,"sourcePublishedAt":"2026-09-01","translatedAt":null,"sources":[{"name":"Monetary Authority of Singapore","url":"https://www.mas.gov.sg/news/media-releases/2026/mas-consults-on-legislative-amendments-to-implement-stablecoin-regulatory-framework","publishedAt":"2026-09-01","checkedAt":"2026-10-05"}],"translations":{"en":"https://wellficent.com/en/news/singapore-proposes-stablecoin-licensing-and-reserve-safeguards","tr":"https://wellficent.com/tr/news/singapore-proposes-stablecoin-licensing-and-reserve-safeguards","ar":"https://wellficent.com/ar/news/singapore-proposes-stablecoin-licensing-and-reserve-safeguards","fr":"https://wellficent.com/fr/news/singapore-proposes-stablecoin-licensing-and-reserve-safeguards","es":"https://wellficent.com/es/news/singapore-proposes-stablecoin-licensing-and-reserve-safeguards","ru":"https://wellficent.com/ru/news/singapore-proposes-stablecoin-licensing-and-reserve-safeguards","pt":"https://wellficent.com/pt/news/singapore-proposes-stablecoin-licensing-and-reserve-safeguards"},"corrections":[],"locations":[]}