Crypto & VASPs · Singapore MAS
Payment Services Act 2019 (Digital Payment Tokens) as amended through 2024-2025
Primary LegislationIn Force
- Effective date
- In force since 2019; amendments effective 1 April 2024 and 1 July 2025
Key requirements
Singapore's crypto law. Anyone offering Digital Payment Token services (exchanges, wallets, OTC trading) needs an MAS licence. AML obligations under MAS Notice PSN02. The 2024 expansion brought custodial services, transmission of DPTs and cross-border money transfer services involving crypto under the law. Singapore is one of the strictest crypto regulators globally.
More from Crypto & VASPs
FATF
FATF Recommendation 15 New Technologies / Virtual Assets (Sixth Targeted Update June 2025)
EU
Regulation (EU) 2023/1113 – Transfer of Funds Regulation (TFR)
European Union
Markets in Crypto-Assets Regulation (MiCA) Regulation (EU) 2023/1114
UK FCA
FCA Cryptoasset Registration Regime, Financial Promotions and Forthcoming FSMA Cryptoasset Regime