[Monetary Authority of Singapore Launches Public Consultation on Stablecoin Regulation] BlockBeats News, September 1: The Monetary Authority of Singapore (MAS) has initiated a public consultation on proposed legislative amendments to the *Payment Services Act 2019*, aiming to establish a regulatory framework for stablecoins in Singapore. At the same time, it is seeking public feedback on related proposals for further regulatory requirements, which take into account developments in the stablecoin industry since 2023. The consultation also invites opinions on policy stances regarding multi-jurisdictional issuance and the recognition of stablecoins issued overseas. The consultation period will close on October 16.