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Singapore
Comprehensive
Travel Rule: In force
Regulator(s)MAS ↗
FrameworkPayment Services Act + DTSP regime (2025)
Travel RuleIn force
FATF statusNot listed
Overview
Singapore's Monetary Authority (MAS) regulates digital-payment-token services under the Payment Services Act, with additional consumer-protection and stablecoin rules. A Digital Token Service Provider (DTSP) regime in 2025 extended licensing to firms based in Singapore serving customers abroad.
Regulatory framework
The Payment Services Act licenses digital-payment-token services; MAS has issued a stablecoin regulatory framework and consumer-access rules.
Licensing & authorisation
Providers require a MAS licence under the Payment Services Act (or the DTSP regime).
AML & Travel Rule
MAS applies AML/CFT rules and a Travel Rule to digital-payment-token transfers.
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Regulator news