Guides
Singapore crypto rules explained: who needs a MAS license, and who won't get one
Crypto firms serving customers in Singapore need a license from the Monetary Authority of Singapore, mainly under the Payment Services Act 2019. Since June 30, 2025, Singapore firms that serve only overseas customers also need a license, and MAS says it will generally not grant one.
Policy
No interest, par redemption, stress tests: Singapore drafts its stablecoin law
MAS wants to ban interest on MAS-regulated stablecoins and recognize a few foreign ones. Seven weeks later, the central banks of Malaysia and Thailand joined its BLOOM project for cross-border digital money.