Singapore has a new currency stabilization regulation covering overseas issuers and interest

THE SINGAPORE FINANCE AUTHORITY (MAS) PROPOSED TO AMEND THE PAYMENT SERVICES ACT, 2019 TO INCORPORATE ITS STABLE CURRENCY FRAMEWORK INTO THE LAW AND TO INTRODUCE RULES FOR OVERSEAS ISSUERS, INTEREST PAYMENTS AND THE ISSUER LIQUIDATION PLAN. THE CONSULTATION WAS RELEASED IN SEPTEMBER。