Singapore Crypto Licensing Timeline

Key dates for Singapore's digital payment token licensing, the DTSP regime and the stablecoin framework, from official MAS sources.

1. 28 Jan 2020Law

   Payment Services Act in Force

   Digital payment token services come under MAS licensing.

   Source: MAS, SSO official

2. 14 Feb 2022MAS

   First Consultation Response on DTSPs

   MAS says it has communicated its position on offshore-only providers since this response.

   Source: MAS official

3. 15 Aug 2023MAS

   Stablecoin Framework Finalised

   Single-currency stablecoins pegged to the Singapore dollar or a G10 currency and issued in Singapore.

   Source: MAS official

4. 30 May 2025MAS

   DTSP Consultation Response

   MAS responds to feedback on the DTSP regulations under the FSMA 2022.

   Source: MAS official

5. 6 Jun 2025MAS

   MAS Clarifies the DTSP Scope

   Offshore-only providers need a licence that MAS “will generally not issue”.

   Source: MAS official

6. 30 Jun 2025Deadline

   DTSP Regime in Force

   Existing providers serving only customers outside Singapore must cease this activity.

   Source: MAS official

MAS does not publish licence dates in its directory; firm pages show when VASP Tracker first saw each licensee.