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MAS and the statutes

Regulation

How digital payment tokens, stablecoins and offshore platforms sit under Singapore law — written for readers, not for licence applications.

Raffles Place skyline in Singapore's financial district

Image: Skyline of Raffles Place, Singapore — Wishds / CC BY-SA 4.0. See the image credits page.

Singapore – The old Crypto News Singapore desk treated regulation as a news flash. This hub treats it as a map. The Monetary Authority of Singapore does not “ban crypto” and it does not bless it. It licences specified payment services, polices how digital payment tokens may be marketed to the public, and leaves a great deal of token activity outside the Payment Services Act altogether.

Start with how MAS regulates digital payment tokens if you want the DPT lane, then the Payment Services Act explained if you need the statute in ordinary English. The 2025 DTSP clarification is the piece to send anyone who still thinks an “offshore only” Singapore company is a clever structure.

Nothing here is legal advice. When a consultation is still a consultation — as with the MAS-regulated stablecoin framework — we say so.

Panorama of Marina Bay Sands and the Singapore skyline

Regulation

The MAS stablecoin framework, explained

How Singapore’s single-currency stablecoin regime was built from the 2022 consultation to the August 2023 response, and what the 1 September 2026 Payment Services Act amendments paper — a consultation, not final law — would add.

Editorial Desk · 12 September 2026

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A close-up of a silver padlock

Regulation

Consumer safeguards on Singapore DPT platforms

What retail customers actually meet on a MAS-licensed digital payment token platform — risk-awareness tests, a ban on trading incentives, no credit-card purchases, no leverage, asset segregation, and a complaints process — and how that differs from an offshore app.

Editorial Desk · 22 January 2026

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