{
  "story_id": "74ab1aae248c1551175ea15b1efc0d4b",
  "desk": "drm3",
  "revision": 1,
  "published_at": "2026-09-01T12:30:13.000Z",
  "content_hash": "0c9ea81c96f491580e941c771ad329221fed24440692f1a9a3d716b030db7d42",
  "hash_basis": "sha256 over `headline\\ndek\\nprose`, plus `\\n` + the canonical citations JSON when any source is placed, plus `\\n#blog` for blogs",
  "basis": {
    "headline": "MAS seeks feedback on proposals to regulate stablecoin value and user protection",
    "dek": "MAS issued a consultation paper proposing Payment Services Act changes to regulate stablecoin issuers and protect users.",
    "prose": "The Monetary Authority of Singapore (MAS) issued a consultation paper on 2026-09-01 proposing legislative changes to the Payment Services Act to regulate stablecoin issuers in Singapore. [^1]\n\nThe Monetary Authority of Singapore (MAS) published new proposed legislative amendments to the Payment Services Act on September 1, 2026, to establish a regulatory framework for stablecoin issuers. [^2]\n\nMAS proposed that stablecoins not regulated by MAS would be treated as digital payment tokens (DPTs) and subject to the consumer protection safeguards applicable to that asset class. [^3]\n\nProposed requirements for MAS-regulated stablecoin issuers include maintaining stable value, holding sufficient capital, redeeming tokens at original value upon user request, and providing relevant disclosures. [^4]\n\nUnder the proposed MAS Single-Currency Stablecoin framework, only stablecoin issuers licensed by MAS would be allowed to label their tokens as 'MAS-regulated stablecoins'. [^5]\n\nHo Hern Shin, the authority's deputy managing director for financial supervision, stated that the proposed amendments will give effect to a stablecoin framework that promotes responsible financial innovation. [^6]\n\nThe proposed amendments require stablecoin issuers to undergo stress testing and have in place plans for recovery and orderly wind-down. [^7]",
    "cited": "[{\"statement\":\"The Monetary Authority of Singapore (MAS) issued a consultation paper on 2026-09-01 proposing legislative changes to the Payment Services Act to regulate stablecoin issuers in Singapore.\",\"source\":\"The Business Times\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T05:25:24.000Z\",\"publisher_count\":1,\"sources\":[\"The Business Times\"]},{\"statement\":\"The Monetary Authority of Singapore (MAS) published new proposed legislative amendments to the Payment Services Act on September 1, 2026, to establish a regulatory framework for stablecoin issuers.\",\"source\":\"PYMNTS.com\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T12:30:13.000Z\",\"publisher_count\":1,\"sources\":[\"PYMNTS.com\"]},{\"statement\":\"MAS proposed that stablecoins not regulated by MAS would be treated as digital payment tokens (DPTs) and subject to the consumer protection safeguards applicable to that asset class.\",\"source\":\"The Business Times\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T05:25:24.000Z\",\"publisher_count\":1,\"sources\":[\"The Business Times\"]},{\"statement\":\"Proposed requirements for MAS-regulated stablecoin issuers include maintaining stable value, holding sufficient capital, redeeming tokens at original value upon user request, and providing relevant disclosures.\",\"source\":\"The Business Times\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T05:25:24.000Z\",\"publisher_count\":1,\"sources\":[\"The Business Times\"]},{\"statement\":\"Under the proposed MAS Single-Currency Stablecoin framework, only stablecoin issuers licensed by MAS would be allowed to label their tokens as 'MAS-regulated stablecoins'.\",\"source\":\"The Business Times\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T05:25:24.000Z\",\"publisher_count\":1,\"sources\":[\"The Business Times\"]},{\"statement\":\"Ho Hern Shin, the authority's deputy managing director for financial supervision, stated that the proposed amendments will give effect to a stablecoin framework that promotes responsible financial innovation.\",\"source\":\"PYMNTS.com\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T12:30:13.000Z\",\"publisher_count\":1,\"sources\":[\"PYMNTS.com\"]},{\"statement\":\"The proposed amendments require stablecoin issuers to undergo stress testing and have in place plans for recovery and orderly wind-down.\",\"source\":\"PYMNTS.com\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T12:30:13.000Z\",\"publisher_count\":1,\"sources\":[\"PYMNTS.com\"]}]",
    "kind": "news"
  },
  "receipt_verify": "Ed25519 over the dot-joined string `slice_hash.cursor_from.cursor_to.view.view_version.row_count`; public_key and sig are base64url of the raw 32-byte key / 64-byte signature",
  "receipt": null,
  "receipt_note": "this revision predates receipt-keeping (before v0.37.0); the filed row lives in the record",
  "generation_chain": {
    "wire": {
      "stream": "fountain_news",
      "story_id": "5403410250cadff3b6aa78a6807e4462",
      "thread_id": "9405b8a1392404156a10939cd65a54f5",
      "thread_label": "Payment Services Act",
      "novelty": "UPDATE",
      "content_hash": "d2b5b41c7acb24575da037971c047f4faa1c42a4393375ad745d511559565d97",
      "last_published_at": "2026-09-01T12:30:13.000Z",
      "read_receipt": {
        "slice_hash": "4efa45dbddc618a8742f83783a7ff25f1cdbc15e5dd0ffb93a2ee02410224bef",
        "cursor_from": "eyJ0cyI6IjIwMjYtMDktMDFUMTI6Mjg6MTEuMDAwMDAwWiIsImlkIjoiYjMwZmEyMzU0ZjQ5NTgwMWIwN2E3MTJhZmM5NDU1ZWUiLCJ2IjoiMSJ9",
        "cursor_to": "eyJ0cyI6IjIwMjYtMDktMDFUMTM6MTU6NDMuMDAwMDAwWiIsImlkIjoiZWQ3YWM5NzJhYmIyODNmNGU4ZGZlYzNkNWE2MjI1MmYiLCJ2IjoiMSJ9",
        "view": "v_fountain_news",
        "view_version": "1",
        "row_count": 100,
        "window_days": 3,
        "bytes_scanned": 0,
        "credits": 8,
        "price_per_100_rows": 8,
        "sig": "KqzelBwio7c8mOQ51UMjxdEFdidw7r4k8geHwCC9_PEp9baGS_JTRG9l8qVos3P2Vg1PHV79Eha09sXP-muGAA",
        "public_key": "bMUigy8O0jOnBxQ4Sc-5lwhIZ8LQVAhxMbR7qESVuUE",
        "signer_path": "lakehouse/data-extract/v1",
        "alg": "Ed25519",
        "signed": true
      }
    },
    "written_at": "2026-09-02T21:36:01.760Z"
  },
  "cited_facts": [
    {
      "statement": "The Monetary Authority of Singapore (MAS) issued a consultation paper on 2026-09-01 proposing legislative changes to the Payment Services Act to regulate stablecoin issuers in Singapore.",
      "source": "The Business Times",
      "instrument": "News",
      "claim_key": null,
      "published_at": "2026-09-01T05:25:24.000Z",
      "publisher_count": 1,
      "sources": [
        "The Business Times"
      ]
    },
    {
      "statement": "The Monetary Authority of Singapore (MAS) published new proposed legislative amendments to the Payment Services Act on September 1, 2026, to establish a regulatory framework for stablecoin issuers.",
      "source": "PYMNTS.com",
      "instrument": "News",
      "claim_key": null,
      "published_at": "2026-09-01T12:30:13.000Z",
      "publisher_count": 1,
      "sources": [
        "PYMNTS.com"
      ]
    },
    {
      "statement": "MAS proposed that stablecoins not regulated by MAS would be treated as digital payment tokens (DPTs) and subject to the consumer protection safeguards applicable to that asset class.",
      "source": "The Business Times",
      "instrument": "News",
      "claim_key": null,
      "published_at": "2026-09-01T05:25:24.000Z",
      "publisher_count": 1,
      "sources": [
        "The Business Times"
      ]
    },
    {
      "statement": "Proposed requirements for MAS-regulated stablecoin issuers include maintaining stable value, holding sufficient capital, redeeming tokens at original value upon user request, and providing relevant disclosures.",
      "source": "The Business Times",
      "instrument": "News",
      "claim_key": null,
      "published_at": "2026-09-01T05:25:24.000Z",
      "publisher_count": 1,
      "sources": [
        "The Business Times"
      ]
    },
    {
      "statement": "Under the proposed MAS Single-Currency Stablecoin framework, only stablecoin issuers licensed by MAS would be allowed to label their tokens as 'MAS-regulated stablecoins'.",
      "source": "The Business Times",
      "instrument": "News",
      "claim_key": null,
      "published_at": "2026-09-01T05:25:24.000Z",
      "publisher_count": 1,
      "sources": [
        "The Business Times"
      ]
    },
    {
      "statement": "Ho Hern Shin, the authority's deputy managing director for financial supervision, stated that the proposed amendments will give effect to a stablecoin framework that promotes responsible financial innovation.",
      "source": "PYMNTS.com",
      "instrument": "News",
      "claim_key": null,
      "published_at": "2026-09-01T12:30:13.000Z",
      "publisher_count": 1,
      "sources": [
        "PYMNTS.com"
      ]
    },
    {
      "statement": "The proposed amendments require stablecoin issuers to undergo stress testing and have in place plans for recovery and orderly wind-down.",
      "source": "PYMNTS.com",
      "instrument": "News",
      "claim_key": null,
      "published_at": "2026-09-01T12:30:13.000Z",
      "publisher_count": 1,
      "sources": [
        "PYMNTS.com"
      ]
    }
  ],
  "note": "A signature proves who filed this and that it has not changed since. It never makes a claim true."
}