Singapore Crypto Licensing Analysis

Data-led explainers on Singapore's licensed crypto firms, the offshore-only ban and the stablecoin framework, with original charts.

• 38 Companies Hold a MAS Crypto Licence in Singapore. Who They Are

  21 Oct 2026 · Every major payment institution licensed for digital payment token services, grouped by brand, what else each may do, and who is absent.

• Singapore's Offshore-Only Crypto Ban: MAS “Will Generally Not Issue a Licence”

  21 Oct 2026 · Since 30 June 2025, Singapore firms serving only overseas customers need a licence MAS says it will generally not grant. What changed and who it hits.

• Singapore's Stablecoin Rules: The “MAS-Regulated Stablecoin” Label and Who Can Issue

  21 Oct 2026 · The 2023 framework for single-currency stablecoins, the 2026 legislative consultation, and the stablecoin firms already holding DPT licences.