Policy Reference

Singapore

Explore Singapore’s crypto laws, including MAS licensing, payment token rules, taxes, AML compliance, and digital asset regulation.

Monetary Authority of Singapore (MAS)
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Topic
Law Type
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Law database

4 law profiles

Law / Bill
Draft Intro Committee Passed Enacted Effective
MAS Single-Currency Stablecoin Regulatory Framework MAS SCS Framework (2023) Proposed Details Draft Draft: Current Intro Introduced: Pending Committee In committee: Pending Passed Passed: Pending Enacted Enacted: Pending Effective Effective: Pending

MAS Single-Currency Stablecoin Regulatory Framework

Singapore’s MAS framework would regulate SGD- or G10-pegged single-currency stablecoins issued in Singapore, focusing on reserves, capital, redemption at par, disclosures and MAS-regulated stablecoin labeling.

Last action: Nov 14, 2025 - MAS reiterates implementation focus

Singapore Payment Services Act 2019 Act 2 of 2019 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Payment Services Act 2019

Singapore’s Payment Services Act 2019 creates MAS licensing and oversight for payment services, including digital payment token services, payment institutions, e-money and payment systems.

Last action: Apr 26, 2026 - Current consolidated version

Financial Services and Markets (Digital Token Service Providers) Regulations 2025 S 342/2025 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Financial Services and Markets (Digital Token Service Providers) Regulations 2025

Singapore’s 2025 DTSP Regulations implement FSMA Part 9 for digital token services provided outside Singapore, setting licensing, financial, fee and audit rules from 30 June 2025.

Last action: Jun 30, 2025 - Regime in force

Singapore Expanded Payment Services Act DPT Amendments No. 1 of 2021; S 285/2024, S 286/2024, S 287/2024 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Payment Services (Amendment) Act 2021 and Payment Services (Amendment) Regulations 2024

Singapore’s 2021 Payment Services Act amendments expanded MAS oversight of DPT services, including custody, transfer and exchange facilitation, with user-protection rules phased in during 2024.

Last action: Oct 4, 2024 - DPT safeguard rules phased in

Information is for general purposes only and not legal advice. See full disclaimer.