The Singapore Financial Authority consulted on the revised legislation on a stable currency regulatory framework

On 1 September, the Singapore Financial Authority publicly solicited comments on the proposed legislative amendments to the Payment Services Act, 2019, aimed at establishing a stable currency regulatory framework for Singapore. The consultation, which took into account developments in the currency sector since 2023, involved policy positions such as the accreditation of multi-judicial jurisdictions to issue and issue stable currency abroad, with a deadline of 16 October。