Singapore2026-09-02 15:41:15Singapore MAS Proposes Stablecoin Rules: Ban on Interest Payments, 100% Reserve RequirementThe Monetary Authority of Singapore (MAS) has proposed amendments to the Payment Services Act to establish a 'MAS-SCS' stablecoin framework. The rules mandate reserve assets at least 100% of face value and prohibit issuers from paying interest to holders. Public consultation is open until October 16, 2026. The regulations target single-circulation stablecoins pegged to the SGD or G10 currencies; unregulated stablecoins will be treated as digital payment tokens. MAS aims to help users identify compliant stablecoins and provide a credible settlement asset in the tokenization era.890
G202026-09-02 10:04:20G20 backs clearer digital asset rules, leaves stablecoin work to FSBG20 finance ministers and central bank governors said they want clearer rules for digital assets after a two-day meeting in Asheville, North Carolina, casting the sector as a potential source of growth. In the chair’s statement issued Tuesday by U.S. Treasury Secretary Scott Bessent, the group said it would advance supervisory frameworks that protect financial stability while creating clear paths for digital finance and digital asset innovation. The statement also said the G20 is looking to the Financial Stability Board for work on the cross-border implications of global stablecoin arrangements and on stablecoin data availability, while reaffirming its roadmap for cross-border payments. The same statement urged member countries to extend the operating hours of large-value payment systems. Separately, Singapore’s central bank proposed amendments to its Payment Services Act that would require stablecoin issuers to keep reserves equal to at least 100% of circulating tokens in segregated accounts and would prohibit interest or similar benefits linked to holdings. The consultation runs until Oct. 16, with no implementation date yet announced. In the U.S., Bessent has also been pushing the Senate to complete digital asset market structure legislation, though the Digital Asset Market Clarity Act still has not passed and faces a procedural vote on Sept. 15.950
MAS2026-09-02 05:53:28Singapore’s MAS Reconsiders Domestic-Issuance Rule for Stablecoins in Cross-Border PushThe Monetary Authority of Singapore (MAS) has opened a public consultation on Sept. 1 to revisit one of the key limits in its 2023 stablecoin framework: the requirement that qualifying stablecoins be issued purely within Singapore. Under the new proposals, MAS is considering allowing stablecoins issued jointly by a Singapore issuer and a foreign issuer to fall within its regulatory perimeter, while also exploring whether a limited number of foreign stablecoins subject to comparable overseas regulation could be recognized for cross-border wholesale use. The consultation keeps the existing core safeguards in place, including reserve backing, capital buffers, redemption at par on a 1:1 basis, and regular disclosure of reserve composition and liquidity conditions. MAS also proposes tighter issuer obligations, such as a ban on paying interest on regulated stablecoins, mandatory stress testing, recovery and orderly wind-down planning, and protections for customer funds received before issuance. Stablecoins that do not enter this dedicated framework would continue to be treated under existing rules as digital payment tokens. The consultation runs through Oct. 16.940
Singapore2026-09-01 13:30:27Singapore MAS Proposes Stablecoin Regulation, Ban on Interest PaymentsSingapore's Monetary Authority (MAS) has proposed amendments to the Payment Services Act to include a stablecoin framework, covering foreign issuer regulation, interest payment bans, and exit plans. The public consultation runs until October 16. New rules require stress tests, recovery plans, and orderly exit procedures.860
Singapore2026-09-01 13:51:28Singapore MAS Proposes Legislation: Stablecoins Must Hold 100% Reserve, No Interest PaymentsSingapore's Monetary Authority of Singapore (MAS) has proposed amendments to require stablecoin issuers to maintain 100% reserve backing and prohibit paying interest or any returns to holders, according to CoinDesk on Sept. 1. The bill targets the Payment Services Act and applies to single-currency stablecoins pegged to the Singapore dollar or G10 currencies issued in Singapore. A public consultation opened on Sept. 1, 2026, with submissions due by Oct. 16, 2026.940
Singapore2026-09-01 09:55:11Singapore considers bringing some foreign-issued stablecoins into MAS frameworkSingapore is weighing changes to its stablecoin regime that could open the door to certain cross-border and foreign-issued tokens. The Monetary Authority of Singapore has launched a public consultation on legislative amendments and policy proposals tied to its stablecoin framework, including whether jointly issued stablecoins involving a Singapore issuer and a foreign issuer can qualify as “MAS-regulated stablecoins” if the risks are sufficiently addressed. The regulator is also considering recognizing a limited number of foreign-issued stablecoins already supervised under comparable overseas regimes, pointing to their possible use in cross-border wholesale transactions. The consultation revisits MAS’s 2023 position, which limited qualifying stablecoins to those issued solely in Singapore and pegged to the Singapore dollar or a G10 currency. Beyond cross-border issuance, the proposals cover reserve backing, capital, redemption at par, disclosures, interest restrictions, stress testing, recovery planning, orderly wind-down plans and protection of customer money received before issuance. Public comments will be accepted until Oct. 16.380
Singapore2026-09-01 05:34:04Singapore Proposes Licensing Stablecoin Issuers and 100% ReservesSingapore’s Monetary Authority has proposed amendments to the Payment Services Act that would create a dedicated license for stablecoin issuers. Under the proposal, issuers would be required to hold 100% reserve assets and would be barred from paying interest to holders. The framework would cover stablecoins issued in Singapore and pegged to the Singapore dollar or any G10 currency. Techub News reported the proposal, which was also relayed by @WuBlockchain.800
Singapore2026-09-01 04:18:00Singapore MAS Seeks Public Feedback on Stablecoin Regulatory FrameworkAccording to a report from ChainCatcher, the Monetary Authority of Singapore (MAS) has initiated a public consultation on a proposed amendment to the Payment Services Act 2019, with the declared purpose of creating a regulatory framework for stablecoins in Singapore. In addition, the regulator is asking for feedback on a related package of further regulatory requirements, which was prepared after taking into account how the stablecoin industry has developed since 2023. The consultation likewise covers a number of policy positions, including the treatment of stablecoin issuance that takes place across multiple jurisdictions and the recognition of stablecoins issued overseas. The deadline for submitting feedback is October 16.820
