🇸🇬

Singapore

SG / SGPLegal — Regulated

MAS operates a rigorous DPT (Digital Payment Token) licensing regime. PSA 2019 amended 2021 to expand scope. Singapore actively courts institutional crypto — but retail marketing heavily restricted.

Key Regulations

Payment Services Act 2019 (PSA)Digital Payment Token Service LicenseFinancial Advisers Act

Regulatory Context

Crypto assets are legal in Singapore under applicable regulatory frameworks. Exchanges and service providers typically require registration or licensing with MAS. AML/KYC obligations apply to virtual asset service providers (VASPs) under FATF guidance.

Regulatory Profile

Primary Regulator

MAS

Official site

Currency

SGD

MiCA Applies

FATF Member

Yes

OFAC Sanctions

None

G20 / OECD

—

SL-1 API Call

{
  "action": "place_order",
  "actor": {
    "declared_jurisdiction": "SG"
  }
}

Expected verdict

COMPLIANT

Test SL-1 on your protocol →

Other Legal — Regulated Jurisdictions