REGULATION · APAC
Singapore proposes stablecoin regulation amendments to Payment Services Act
MAS opened consultation on updates to PSA 2019 to formally regulate stablecoins. This clarifies supervisory framework for digital currency issuers and custodians across APAC's major fintech hub.
WHY IT MATTERS
First formal stablecoin ruleset in a top Asian financial center signals regional regulatory convergence; compliance cost and AML obligations will reshape fintech funding and product architecture.