Singapore licenses digital-payment-token services under the Payment Services Act, administered by the Monetary Authority of Singapore (MAS) — a strict but legal framework. MAS also restricts public marketing of crypto services to retail consumers, so promotion is available subject to those rules. Exchange Atlas marks Singapore as available but conditional: we publish no monetised listing until a program is joined and an exchange's MAS standing is confirmed. This is an honest regulatory guide.
Regulatory status: Singapore
Singapore licenses digital-payment-token services under the Payment Services Act, administered by MAS — a strict but legal framework, with MAS restricting public marketing of crypto services to retail consumers. Crypto promotion is available subject to those rules; verify that a specific exchange holds the relevant MAS licence before relying on it. We may feature monetised listings here only once a program is joined and availability is confirmed; until then this remains an honest regulatory guide.
Authority: Monetary Authority of Singapore (MAS) · official site
Exchanges available in Singapore
No exchange is confirmed available for promotion in this market yet. We list an exchange here only once a program is joined and its availability is verified.
How MAS regulation works
Under the Payment Services Act, providers of digital-payment-token services need a MAS licence, and MAS is known for a rigorous, conservative approach: the bar for authorisation is high, and the regulator has actively restricted aggressive public marketing of crypto to retail consumers. A MAS licence is therefore a strong signal, but the flip side is that fewer exchanges hold one than advertise to Singapore users.
MAS standing is held by a specific entity for specific activities, so confirm that the entity serving you holds the relevant licence — a group's global brand does not transfer its Singapore authorisation to every product.
How to verify and choose in Singapore
Check the exchange's licence status on MAS's information for the relevant entity, and read its Singapore terms for the products you want. MoneySense and MAS materials are the primary sources; do not rely on the exchange's own marketing. An EU MiCA authorisation does not apply in Singapore.
Cryptoassets are highly volatile and largely outside compensation-scheme protection. Verify the exchange, read the disclosures, and never invest more than you can afford to lose. This is information, not financial advice.
Frequently asked questions
What is the best crypto exchange in Singapore?
We do not name a single 'best' exchange for Singapore and currently show no monetised listings: every listing is conditional on confirming the exchange holds the relevant MAS licence under the Payment Services Act. The right choice is a MAS-licensed entity serving Singapore clients for the products you want, verified against MAS information. This is information, not financial advice.
Is crypto regulated in Singapore?
Yes. Singapore regulates digital-payment-token services under the Payment Services Act, administered by MAS, with a strict authorisation bar and restrictions on retail crypto marketing. Confirm an exchange's MAS licence for the relevant entity before depositing. This is information, not financial advice.