Introduction to Cryptocurrency Licensing in Singapore
Singapore’s Monetary Authority (MAS) has established itself as a progressive regulator for cryptocurrency businesses. The country’s clear legal framework, robust financial infrastructure, and strategic location make it an attractive hub for blockchain and crypto ventures.
Why Choose Singapore for Your Cryptocurrency License?
- Regulatory Clarity: MAS provides clear guidelines for digital payment token (DPT) services.
- Global Reputation: A trusted financial hub with strong investor confidence.
- Tax Benefits: Competitive corporate tax rates (0% for foreign-sourced income).
- Ease of Business: Streamlined company registration and banking processes.
🔍 Core Keywords:
- Cryptocurrency License Singapore
- Crypto Exchange License
- MAS Compliance
- Blockchain Regulation
Types of Cryptocurrency Licenses in Singapore
1. Payment Services Act (PSA) License
Applies to businesses dealing with digital payment tokens (e.g., exchanges, wallets).
Two Tiers:
- Standard Payment Institution (SPI) – For smaller-scale operations.
- Major Payment Institution (MPI) – For high-volume transactions.
2. Capital Markets Services (CMS) License
Required if trading security tokens (classified as "securities" under the Securities and Futures Act).
Alternative Names for Crypto Licenses:
- Digital Asset License
- ICO License
- Blockchain License
👉 Start Your Application Today!
Key Requirements for Obtaining a Cryptocurrency License
Company Structure
- Shareholders: Minimum 1 corporate shareholder (no residency restrictions).
- Directors: At least 1 resident director (Singapore citizen/permit holder).
- Capital: Minimum SGD 1 paid-up capital (higher for MPI).
Compliance & Documentation
- AML/CFT policies.
- Detailed business plan and whitepaper (for ICOs).
- MAS-approved auditors.
Process Timeline
| Step | Duration |
|------|----------|
| Company Registration | 1–2 weeks |
| MAS Application Review | 3+ weeks |
| Final Approval | Varies by case |
Step-by-Step Guide to Apply
Pre-Assessment
- Free consultation with our licensing experts.
Company Incorporation
- Register a Singapore entity (OffshoreLicense Ltd. assists).
Bank Account Opening
- Secure corporate banking with MAS-compliant institutions.
MAS Application Submission
- Submit Form [PSA/FA-1] with supporting documents.
Ongoing Compliance
- Post-license audits and annual reporting.
FAQs About Singapore’s Cryptocurrency License
Q1: How much does a crypto license cost in Singapore?
A: Fees range from SGD 5,000–15,000, depending on license type (SPI vs. MPI) and legal complexity.
Q2: Can a foreign company apply?
A: Yes, but a local Singaporean director is mandatory.
Q3: How long is the MAS approval process?
A: Typically 4–6 months, subject to document completeness.
Q4: Does Singapore allow crypto staking?
A: Yes, but staking services may require additional MAS approvals.
Why Partner With Us?
- 100% Success Rate (if eligibility criteria are met).
- End-to-End Support: From incorporation to MAS compliance.
- Cost-Effective: Transparent pricing with no hidden fees.
Other Services We Offer:
- Bank account opening.
- Payment processing solutions.
- Legal and tax advisory.
Conclusion
Singapore remains a top choice for crypto businesses seeking credibility and growth. By adhering to MAS regulations and leveraging expert guidance, your venture can thrive in this dynamic market.
Ready to Begin?
📞 Contact us for a free consultation or visit our website for more details.
Disclaimer
We strictly oppose illegal activities (e.g., money laundering, terrorism financing). All services comply with FATF regulations.
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