Monetary Authority of Singapore to publish feedback on digital currency and stablecoin consultation in Q2

The Monetary Authority of Singapore (MAS) has confirmed that it will be publicizing the feedback it received from two consultation papers it published in 2022.

The consultation papers dealt solely with proposals designed to protect investors from the risks connected with dabbling in digital currencies in the wake of several collapses. MAS Chairman Tharman Shanmugaratnam made the revelation to Singapore’s parliament during the week via a letter following a barrage of questioning from the lawmakers.

“MAS received substantial feedback from a wide range of respondents. MAS is currently reviewing the feedback received, and intends to publish our response to the consultation feedback by mid-2023,” Chairman Shanmugaratnam said.