Singapore - Monetary Authority of Singapore (MAS) proposes measures to reduce risks to consumers from cryptocurrency trading and enhance standards of stablecoin-related activities

The Monetary Authority of Singapore (MAS) on 26 October published two consultation papers proposing regulatory measures to reduce the risk of consumer harm from cryptocurrency trading and to support the development of stablecoins as a credible medium of exchange in the digital asset ecosystem. 

These measures will be part of the Payment Services Act.

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