How to Get a Crypto License in Singapore: Step-by-Step Overview
Starting a digital asset business requires more than just technology. If you are planning to enter the market, securing a crypto license in Singapore is one of the first and most important steps. The country is known for its clear legal structure and strict compliance standards, making it a reliable base for crypto operations. Understanding Crypto License Singapore A crypto license Singapore is issued under the Payment Services Act and regulated by the Monetary Authority of Singapore (MAS). Any company offering digital payment token services, including trading and exchange platforms, must apply for approval before operating. Types of Singapore Crypto License Depending on your business activities, you may need one of the following: Standard Payment Institution License – Suitable for startups with limited transaction volume Major Payment Institution License – Designed for businesses handling larger transactions Singapore crypto exchange license – Required for companies ru...