Singapore Crypto License: What You Need to Know in 2025

When it comes to Singapore crypto license, a legal requirement for businesses handling digital assets under the Monetary Authority of Singapore (MAS). Also known as a Payment Services Act (PSA) license, it’s the only way to legally operate a crypto exchange, wallet service, or fiat-to-crypto gateway in the country. This isn’t just paperwork—it’s a gatekeeper that separates legit platforms from risky ones.

Singapore doesn’t ban crypto. In fact, it’s one of the few places where you can legally run a crypto business and still open a bank account. But you need the right license. The Monetary Authority of Singapore (MAS), the country’s central financial regulator that oversees all digital asset activities. Also known as MAS, it enforces strict rules: anti-money laundering checks, capital requirements, and clear segregation of customer funds. If you’re a trader, this means you’re more likely to deal with exchanges that actually follow the rules. If you’re a business, you’re looking at a 6–12 month process, $50,000+ in fees, and ongoing audits.

Don’t confuse this with personal trading. You don’t need a license to buy or hold crypto as an individual. But if you’re running a platform, accepting crypto as payment, or offering staking services, you’re in the crosshairs of MAS. The VASP Singapore, a term for Virtual Asset Service Providers required to register under Singapore’s crypto laws. Also known as crypto service providers, they must prove they can handle security, compliance, and customer protection. That’s why you see big names like Coinbase and Binance operating under MAS licenses here—but dozens of smaller players got shut down for skipping the process.

And taxes? Singapore doesn’t tax capital gains on crypto. That’s rare. But if you’re mining, trading as a business, or earning crypto as income, you’re on the hook for corporate or personal income tax. The line between investment and business activity is thin, and MAS works with the Inland Revenue Authority of Singapore (IRAS) to spot the difference.

Below, you’ll find real-world breakdowns of what’s working, what’s not, and who’s getting caught. From exchange reviews to regulatory crackdowns, these posts cut through the noise and show you exactly how the Singapore crypto license system impacts traders, businesses, and everyday users in 2025.