licencemap
Informational only, not legal advice. Verify with qualified counsel before acting. Full disclaimer

Matrix / Singapore

🇸🇬 Singapore analogue

MAS, PSA digital payment token licence

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-02 Next review 2026-07-16

Licence type

No EMI. Major Payment Institution (MPI) licence under the Payment Services Act, covering e-money issuance and account issuance. Standard PI for smaller volumes.

Verified 2026-07-02 Source: MAS PSA

Regulator

Monetary Authority of Singapore (MAS).

Verified 2026-07-02 Source: MAS

Capital requirement 🔒

Timeline to authorisation 🔒

Local substance 🔒

Application cost 🔒

Ongoing cost 🔒

Passporting 🔒

EMIs authorised 🔒

Key restrictions 🔒

Safeguarding 🔒

Recent changes

Continuing MAS refinements to the PSA.

Verified 2026-07-02 Source: MAS

Difficulty rating 🔒

The decision numbers for Singapore are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

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Track Singapore

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Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Singapore's regulator and qualified local counsel before acting.