Singapore Crypto Licence FAQ (MAS)

Short answers on which crypto firms MAS has licensed, the DTSP regime for offshore-only firms and MAS-regulated stablecoins.

Which crypto exchanges are licensed in Singapore?

38 companies are licensed by MAS to provide digital payment token services, all as major payment institutions (read 21 Oct 2026). They include Coinbase, Crypto.com, OKX, Gemini, Upbit and Coinhako (list).

Is Binance licensed in Singapore?

No Binance company is in the MAS Financial Institutions Directory (searched 21 Oct 2026).

Is Bybit licensed in Singapore?

No Bybit company is in the MAS Financial Institutions Directory (searched 21 Oct 2026).

What is a DPT licence?

A licence under the Payment Services Act 2019 to provide digital payment token services, such as dealing in or exchanging crypto. The Act took effect on 28 January 2020 (MAS).

Can a Singapore crypto firm serve only overseas customers?

Only with a DTSP licence, required since 30 June 2025. MAS: “MAS has set the bar high for licensing and will generally not issue a licence” (MAS).

What is an MAS-regulated stablecoin?

A single-currency stablecoin pegged to the Singapore dollar or a G10 currency, issued in Singapore by an issuer meeting MAS's framework (MAS, 2023).

Does MAS publish licence dates?

Not in its directory. We record when each licensee first appears in our daily snapshot.

Where can I check a firm?

The MAS Financial Institutions Directory. Our table lets you search by brand or legal name.