Crypto & Digital Assets - Singapore

RegulatedTwo complementary regimes administered by the Monetary Authority of Singapore (MAS): the Payment Services Act 2019 (PS Act), which licenses Digital Payment Token (DPT) services provided to customers in Singapore, and the Digital Token Service Provider (DTSP) regime under Part 9 of the Financial Services and Markets Act 2022 (FSM Act), in force since 30 June 2025, which licenses Singapore-based providers serving only customers outside Singapore. Securities-like tokens fall under the Securities and Futures Act 2001.

Singapore regulates crypto exchanges and VASPs primarily through the MAS-administered Payment Services Act 2019, under which DPT services to local customers require a Standard or Major Payment Institution licence. A separate DTSP licensing regime under the FSM Act 2022 took effect on 30 June 2025 to capture Singapore-incorporated/based providers that serve only overseas customers — MAS has stated it will license such entities only in extremely limited circumstances. The framework layers on AML/CFT, asset-segregation/custody, and retail market-integrity rules, with further PS Act conduct and capital amendments being phased in around 2026.

Machine-assisted translation · verified 5/23/2026 · orientation, not legal advice. English version →