MAS finalises its policy position on the regulation of stablecoin-related activities

The MAS has finalised its regulatory approach for stablecoin-related activities. The finalised approach is substantially similar to what was originally set out in its consultation paper on the same issued on 26 October 2022. While we await the MAS’ issuance of the draft amendment legislation, we set out in this note a summary of the finalised regulatory framework for stablecoin-related activities in Singapore….
By: Allen & Overy LLP