Monetary Authority Singapore

Definition ∞ the Monetary Authority Singapore MAS functions as Singapore’s central bank and integrated financial regulator. It formulates and implements monetary policy, issues currency, and supervises financial institutions, including those involved with digital assets. The MAS is responsible for promoting a sound and progressive financial services sector. Its regulatory pronouncements significantly influence the development and operation of cryptocurrency businesses within the jurisdiction.
Context ∞ News frequently covers the Monetary Authority Singapore’s initiatives regarding digital asset regulation and innovation. The MAS has been a proactive regulator, working to establish clear guidelines for stablecoins, digital payment tokens, and other blockchain-related activities. Its regulatory sandbox and licensing frameworks are closely watched by the global crypto industry. The MAS’s approach plays a critical role in shaping Singapore’s position as a leading financial technology hub for digital assets.