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On September 1st, the Monetary Authority of Singapore publicly solicited opinions on the proposed legislative amendments to the 2019 Payment Services Act, aimed at establishing a regulatory framework for stablecoins in Singapore. The Monetary Authority of Singapore is soliciting public feedback on regulatory requirements, with reference to the development of the stablecoin industry since 2023. The deadline for soliciting opinions on policy positions such as the recognition of stablecoins issued in multiple jurisdictions and overseas issuance is October 16th.