12 chapters with 52 sections
Singapore has positioned itself as a global fintech and digital asset hub through a progressive and innovation-friendly regulatory environment. Digital assets are not recognized as legal tender, but they are legally permitted and regulated based on their use cases. The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulatory authority, plays a central role in supervising activities involving digital tokens, exchanges, and related services. Singapore classifies digital assets according to their functions — for instance, utility tokens, security tokens, or digital payment tokens — each of which is subject to different regulatory treatments. Singapore’s digital asset framework is grounded in the Payment Services Act (PSA), which regulates digital payment token services, and the Securities and Futures Act (SFA), which covers security token offerings and trading. The MAS also ensures compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) obligations. Singapore aligns with global standards from the Financial Action Task Force (FATF), and its regulatory landscape continues to evolve in tandem with technological advances and market developments.
