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Stablecoins in Singapore

Regulatory framework and compliance status for stablecoins in Singapore

Overview

Region: Asia Pacific
ISO Code: SG
General Stance: permissive

Regulatory Framework: Payment Services Act (stablecoin amendments)
Effective Date: August 1, 2024
Licensing Required: Yes

Licensing Notes

Digital Payment Token license required. Single-currency stablecoins face value cap of S$5 million for non-bank issuers.

Regulator

Monetary Authority of Singapore (MAS)

Official Website →

Permitted Stablecoins

3

Restricted/Prohibited

0

No restricted or prohibited stablecoins found.

Regulatory Sources

According toMAS Licensed Payment Service Providersas of August 1, 2024
According toMAS Licensed Payment Service Providersas of August 1, 2024
According toMAS Licensed Payment Service Providersas of August 1, 2024
According toTether Gold Availabilityas of August 1, 2024

Disclaimer: This information reflects issuer disclosures and regulatory guidance as of the dates indicated. Regulations change frequently. Verify current status with qualified legal counsel before making decisions. This registry does not provide investment advice.