Singapore licenses digital-payment-token services under the Payment Services Act, administered by MAS — a strict but legal framework that also restricts public marketing of crypto services to retail consumers.
Licensing authority: Monetary Authority of Singapore (MAS)
Key facts
- Regulator: Monetary Authority of Singapore (MAS)
- Licensing framework: Payment Services Act — digital-payment-token services
- Retail marketing restriction: MAS restricts public marketing of crypto services to retail consumers
- Per-exchange MAS licence status: —
Frequently asked questions
Is crypto legal in Singapore?
Yes, digital-payment-token services are licensed under the Payment Services Act, administered by MAS — a strict but legal framework.
Can crypto exchanges advertise to Singapore retail consumers?
MAS restricts public marketing of crypto services to retail consumers, so promotion is available only within those rules.
Does Exchange Atlas show monetised listings for Singapore?
Not yet — we show monetised listings here only once a program is joined and a specific exchange's MAS licence and availability are confirmed.