ASIA-PACIFIC · JURISDICTION PROFILE
Singapore
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.
Track developments
This jurisdiction isn't yet on the live wire (its regulator doesn't publish a machine-readable feed) — follow the regulator directly.
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