APAC · Lead regulator: MAS
Which of the six core regulatory dimensions this jurisdiction's norms actually address. Coverage is detected from the source text — not a structural heuristic.
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82 norms with regime, scope, gaps and verbatim evidence quotes. Scroll for more.
Scope: The provided text is from the Currency Act 1967. It establishes the national currency of Singapore and does not contain provisions related to crypto-assets.
Gap or ambiguity: This legislation does not apply to crypto-assets, so no specific regulatory gaps or ambiguities for the sector can be identified from it.
source ↗Scope: This regulation provides for a concessionary rate of income tax for approved collective investment schemes.
Gap or ambiguity: The provided text is a title and metadata for a tax regulation from 1990. It does not contain any specific rules or requirements related to crypto-assets or their associated technologies.
source ↗Scope: This Act is Singapore's foundational anti-money laundering (AML) law. It criminalizes money laundering from serious crimes and establishes the Suspicious Transaction Reporting Office (STRO).
Gap or ambiguity: As a foundational penal law, the Act does not specify technical AML/CFT standards for specific sectors like crypto-assets. Detailed requirements for transaction monitoring or blockchain analytics are left to sector-specific regulations.
“This Act is the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992.”
Scope: This consultation paper proposes a regulatory approach for stablecoin-related issuance and intermediation activities.
Gap or ambiguity: As a consultation paper, the final requirements are not yet defined. This presents an opportunity for third parties to engage in the public consultation to help shape future technical and audit standards.
“Consultation Paper on Proposed Regulatory Approach for Stablecoin-Related Activities”
“MAS invites comments from interested parties on the proposals set out in the consultation paper.”
Scope: This act provides for the oversight of payment systems in Singapore.
Gap or ambiguity: The provided text is metadata and does not contain the substantive articles of the act, making it impossible to identify specific requirements or gaps.
source ↗Scope: This Act regulates licensed credit bureaus and their members in Singapore. It governs the provision, use, and disclosure of credit data for assessing creditworthiness.
Gap or ambiguity: The Act does not mention or apply to crypto-assets, virtual assets, or related services. It is focused exclusively on traditional credit reporting businesses.
source ↗Scope: This text is a placeholder for analysis and does not contain the substantive content of the Accounting and Corporate Regulatory Authority Act 2004.
Gap or ambiguity: The provided text is internal metadata and contains no regulatory requirements, thus no gaps or ambiguities can be identified.
source ↗Scope: The provided text is a placeholder note and not the actual legal text. The title refers to a 1996 Income Tax Act amendment, which does not regulate crypto-assets.
source ↗Scope: This act applies when a digital token is classified as a capital markets product, such as a security or derivative. It regulates market operators, clearing facilities, and capital markets services licensees.
Gap or ambiguity: The primary ambiguity is determining when a specific digital token meets the definition of a 'capital markets product' under this traditional securities law. This classification dictates the entire regulatory treatment.
“Division 1 — Capital Markets Services Licence”
“This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021”
Scope: This is a general law to impose and regulate the collection of tax upon incomes. It does not specifically mention or regulate crypto-assets.
Gap or ambiguity: The Act does not provide specific rules for the taxation of income derived from crypto-asset transactions, creating ambiguity on how general principles apply.
“This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021”
Scope: This act establishes a supervisory framework for financial holding companies whose subsidiaries include banks or licensed insurers in Singapore. The text does not contain provisions related to crypto-assets.
Gap or ambiguity: This legislation is not designed for and does not cover the regulation of crypto-assets or related services. It focuses on traditional financial holding structures.
source ↗Scope: This act establishes a licensing regime for the business of pawnbroking in Singapore. The regulation does not apply to crypto-assets.
Gap or ambiguity: The regulation's scope is limited to traditional pawnbroking involving physical goods and does not address digital or crypto-assets.
“Division 1 — Licensing of pawnbrokers”
“This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021”
“comes into operation on 31 December 2021”
Scope: This regulation provides exemptions to market conduct rules under the Securities and Futures Act.
Gap or ambiguity: The provided text is metadata and does not contain the substantive articles of the regulation, making it impossible to identify specific gaps or ambiguities.
source ↗Scope: This act governs the legal profession in Singapore, defining terms and structures for lawyers and law practices. It does not address crypto-assets or related financial activities.
source ↗Scope: This Act establishes the legal framework for a corporate structure known as a Variable Capital Company (VCC), intended for use by collective investment schemes.
Gap or ambiguity: The Act defines a 'custodian' for the safekeeping of assets but does not specify any technical or security standards for this function. This is a gap for VCCs holding digital assets, where standards for secure custody could be certified.
““constitution”, in relation to a VCC, means the constitution of the VCC that is registered with the Registrar under section 16(4), as may be amended from time to time;”
“This Act is the Variable Capital Companies Act 2018.”
Scope: This act establishes a licensing regime for physical casino operations, employees, and gaming equipment in Singapore. The text does not mention or regulate crypto-assets.
Gap or ambiguity: The regulation is specific to traditional, land-based casinos and is silent on crypto-assets. Any gambling or gaming activities involving virtual assets fall outside the scope of this Act.
“This Act is the Casino Control Act 2006.”
Scope: This act governs corporate insolvency, restructuring, and dissolution in Singapore. The provided text does not contain specific provisions related to crypto-assets.
Gap or ambiguity: The provided text is a general corporate law and does not address crypto-assets, creating a gap regarding how insolvency procedures apply specifically to digital asset holdings or VASP operations.
source ↗Scope: This notice sets technology risk management requirements for licensed digital payment token service providers. It focuses on system reliability, availability, and the protection of customer information.
Gap or ambiguity: The provided text is a high-level summary and does not detail the specific technical standards or controls required. This creates an opportunity for certifiers to assess compliance against the full, detailed notice.
“holders of payment services licence (digital payment token service).”
“MAS Notice FSM-N13 (69.4 KB) is effective from 10 May 2024.”
“MAS Notice FSM-N13 (69.4 KB) is effective from 10 May 2024.”
“MAS Notice FSM-N13 (69.4 KB) is effective from 10 May 2024.”
Scope: This is a general law for the prevention of corruption. It does not contain specific provisions for the regulation of crypto-assets.
Gap or ambiguity: The act does not address crypto-assets. Its application to corruption cases involving digital assets is not detailed in the provided text.
source ↗Scope: This act establishes a licensing and control regime for finance companies in Singapore. The provided text does not mention crypto-assets or related activities.
Gap or ambiguity: The act dates from 1967 and does not contemplate digital or crypto-assets. Its applicability to companies dealing with such assets is not specified in the text.
“An Act to license and control finance companies and for matters connected therewith.”
“This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021”
Scope: This regulation pertains to government homes for children and young persons in Singapore. It does not contain any provisions related to crypto-assets or financial technology.
source ↗Scope: This Act establishes the rules of evidence for judicial proceedings in Singapore. It defines what constitutes evidence, including electronic records, and the conditions for its admissibility in court.
Gap or ambiguity: The Act does not regulate crypto-assets. However, its rules on authenticating electronic records (Sec 9, Illus. g) could create an opportunity for certifiers to provide expert evidence on the reliability of blockchain systems in legal disputes.
source ↗Scope: This norm specifies the Goods and Services Tax (GST) treatment for Digital Payment Tokens (DPTs). Since January 2020, the exchange of DPTs for fiat currency or other DPTs is exempt from GST.
Gap or ambiguity: The definition of a DPT excludes tokens pegged to a currency, creating ambiguity for stablecoins. The GST treatment of NFTs and certain utility tokens is also unclear as they may not qualify for the exemption.
“Supply of digital payment tokens from 1 Jan 2020”
“With effect from 1 Jan 2020, both your supplies are exempt from GST— your exempt supply of Bitcoin and A's exempt supply of Ether.”
Scope: The provided text is a placeholder for analysis and does not contain the content of the Mental Capacity Act 2008. It is not relevant to crypto-asset regulation.
source ↗Scope: This act regulates the import and export of goods. It does not contain any provisions related to crypto-assets or digital financial services.
Gap or ambiguity: This legislation is not applicable to crypto-assets. There is no ambiguity as the subject matter is entirely unrelated.
source ↗Scope: The provided text is a metadata stub related to the Gambling Regulatory Authority of Singapore Act 2022. It does not contain any substantive articles of the regulation itself.
Gap or ambiguity: The body of the regulation is absent from the provided text, making it impossible to identify any specific requirements, gaps, or ambiguities.
source ↗Scope: The provided text is internal metadata and does not contain any substantive information about the regulation itself.
source ↗Scope: The Act establishes a licensing and regulatory framework for payment service providers, including those dealing with Digital Payment Tokens (DPTs), and the oversight of payment systems.
Gap or ambiguity: The statute mandates licensing and audits but does not specify the technical standards for IT security, custody, or the scope of the required audits. These details are likely defined in subsidiary regulation, creating an opportunity for certifiers to assess against MAS guidelines.
“Division 1 — Licensing of payment service providers”
“This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021”
Scope: This is a 1998 constitutional amendment. The provided text does not contain any provisions related to crypto-assets or digital financial services.
Gap or ambiguity: The document is entirely unrelated to the regulation of crypto-assets, so no specific gaps or ambiguities for this sector can be identified.
source ↗Scope: This text contains metadata for the Accountants Act 2004. It does not provide substantive articles from the regulation itself.
Gap or ambiguity: The provided text does not contain any provisions related to crypto-assets, digital assets, or virtual asset service providers.
source ↗Scope: This Act establishes a licensing regime for persons providing financial advisory services in Singapore. It applies to advice on digital tokens that are classified as capital markets products under the Securities and Futures Act 2001.
Gap or ambiguity: The Act's applicability depends on the classification of a digital token as a 'capital markets product', which is defined elsewhere. This creates a need for legal analysis to determine if an adviser's activities fall under this licensing regime.
““financial adviser’s licence” means a licence granted under section 10 in respect of a financial adviser, and “licensed financial adviser” is to be construed accordingly;”
“This Act is the Financial Advisers Act 2001.”
Scope: This act governs general contract law, specifically the rights of third parties to enforce contract terms. It does not contain any provisions specific to crypto-assets or related services.
Gap or ambiguity: The act is a general statute and does not address any technical, security, or financial requirements specific to the crypto-asset industry.
source ↗Scope: This Act establishes a general requirement for any person or firm carrying on business in Singapore to register their business name. It is not specific to the crypto-asset industry.
Gap or ambiguity: The Act provides a framework for business name registration but does not contain any specific provisions or technical requirements for crypto-asset businesses. Sector-specific obligations are not addressed.
““registered” means registered under this Act;”
“This Act is the Business Names Registration Act 2014.”
Scope: This Act establishes the legal framework for controlling narcotic drugs and psychoactive substances in Singapore. It defines offenses related to trafficking, manufacturing, and consumption of controlled substances.
Gap or ambiguity: This legislation does not apply to crypto-assets or related services. Its scope is strictly limited to narcotics and drug control.
source ↗Scope: The provided text is a placeholder comment block and does not contain any substantive legal text from the Public Defenders Act 2022.
source ↗Scope: This act concerns the legal status of children born through assisted reproduction technology and is not relevant to crypto-assets.
Gap or ambiguity: The text is entirely unrelated to crypto-assets, financial services, or technology regulation.
source ↗Scope: This act regulates the licensing of newspaper companies and printing presses. It does not pertain to crypto-assets or related activities.
Gap or ambiguity: This legislation is entirely unrelated to the regulation of crypto-assets. Therefore, it presents no specific gaps or ambiguities for this sector.
Scope: This 1987 regulation concerns concessionary income tax rates for royalties and R&D contributions and is not related to crypto-assets.
Gap or ambiguity: The text does not address crypto-assets, as its scope is limited to specific income tax concessions established before the existence of the technology.
source ↗Scope: This act establishes the regulatory framework for the traditional insurance business in Singapore. It defines key terms and classifies insurance into life and general business, but does not address crypto-assets.
Gap or ambiguity: This law does not contemplate digital or crypto-assets. Its application to insurance products covering crypto-related risks or policies issued as smart contracts is entirely unaddressed.
Scope: This is the Pawnbrokers Act from 1994. The provided text contains no information about its applicability to crypto-assets.
Gap or ambiguity: The provided text is an internal placeholder and explicitly states that no exploitable gap has been identified from the regulation yet.
source ↗Scope: This act governs Limited Liability Partnerships. The provided text does not contain any specific provisions related to crypto-assets.
Gap or ambiguity: The provided text is a metadata stub and does not contain the substantive articles of the Act, making it impossible to analyze its impact on crypto-asset activities.
source ↗Scope: This act establishes the legal framework for prohibiting the financing of terrorism in Singapore. Its broad definition of 'property' includes digital and electronic assets, making it applicable to crypto-assets.
Gap or ambiguity: The act provides a broad, technology-neutral definition of 'property' but lacks specific technical standards for crypto-assets. This creates an opportunity for certifiers to validate the effectiveness of a VASP's on-chain monitoring tools against terrorism financing typologies.
“This Act is the Terrorism (Suppression of Financing) Act 2002.”
Scope: The norm establishes a licensing regime for Digital Token Service Providers (DTSPs), including those based in Singapore but only serving overseas clients.
Gap or ambiguity: The provided text is a high-level statute and lacks specific technical standards for security, custody, or audits, which will likely be detailed in subsequent regulations or notices.
“the licensing and regulation of digital token service providers, and other incidental and connected matters”
“Date of Commencement: 30 June 2025 Part 9 and sections 183(b) and (c) and 214 and the First and Second Schedules”
“Date of Commencement: 30 June 2025 Part 9 and sections 183(b) and (c) and 214 and the First and Second Schedules”
Scope: The provided text is metadata for the Trust Companies Act 2005, but does not contain the body of the act itself, so its scope cannot be determined.
Gap or ambiguity: The provided text is only a metadata stub and lacks the actual regulatory content, making it impossible to analyze for gaps or ambiguities.
source ↗Scope: This text announces the cancellation of MAS Notice FAA-N06, which concerns AML/CFT obligations for financial advisers. The cancellation is scheduled to take effect on July 1, 2025.
Gap or ambiguity: The notice announces the cancellation of the existing AML/CFT framework for financial advisers. It does not specify what new regulation, if any, will replace it.
“This MAS Notice FAA-N06 (Cancellation) Notice dated 30 June 2025 (84.6 KB) cancels MAS Notice FAA-N06 on “Prevention of Money Laundering and Countering the Financing of Terrorism – Financial Advisers” dated 1 March 2007 (last revised on 1 March 2022) with effect from 1 July 2025.”
“cancels MAS Notice FAA-N06 on “Prevention of Money Laundering and Countering the Financing of Terrorism – Financial Advisers””
Scope: The provided text is metadata for the Banking Act 1970 and does not contain substantive articles to analyze.
Gap or ambiguity: The provided text is a metadata stub, not the full legal text, so no analysis of regulatory gaps is possible.
source ↗Scope: This act provides for the establishment and regulation of activities within free trade zones in Singapore. The text does not mention or apply to crypto-assets.
Gap or ambiguity: The act was enacted in 1966 and its scope does not contemplate digital assets. It is entirely silent on the regulation of crypto-assets.
source ↗Scope: This act establishes the Monetary Authority of Singapore (MAS). It provides the MAS with general powers to oversee and control financial institutions.
Gap or ambiguity: This is a foundational act establishing the regulator. It does not contain specific rules or technical standards for crypto-assets, which are addressed in other legislation.
“This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021”
Scope: These regulations are subsidiary legislation to the Payment Services Act 2019. They specify licensing conditions, capital requirements, safeguarding rules, and operational duties for licensees.
“Current version as at 23 May 2026”
Scope: This framework applies to single-currency stablecoins (SCS) issued in Singapore and pegged to the Singapore Dollar or any G10 currency. It establishes requirements for reserve assets, capital, redemption, and disclosure.
Gap or ambiguity: The framework requires an audit of reserve assets but does not specify the standards for this audit or the qualifications for the independent auditor. This creates an opportunity for certifiers to establish and provide compliant attestation services.
“The Monetary Authority of Singapore (MAS) today announced the features of a new regulatory framework that seeks to ensure a high degree of value stability for stablecoins regulated in Singapore.”
Scope: The title indicates this act regulates casinos. The provided text does not contain the body of the act or any mention of crypto-assets.
Gap or ambiguity: The provided text is a metadata stub and does not contain any regulatory articles. Its relevance to crypto-assets is entirely unknown.
source ↗Scope: This act governs customs duties, and the import and export of physical goods in Singapore. The text does not contain any provisions related to crypto-assets, digital assets, or virtual currencies.
Gap or ambiguity: The act's definitions and scope are focused on tangible goods and do not contemplate digital or virtual assets. Therefore, it provides no regulatory clarity on the customs treatment of crypto-assets.
source ↗Scope: The provided text is a placeholder and does not contain the substantive legal text of the act. It is not possible to determine the scope.
Gap or ambiguity: The provided text is a placeholder and does not contain any regulatory content, preventing any analysis of gaps or ambiguities.
source ↗Scope: The provided text is a placeholder comment block and does not contain the actual content of the act. The title suggests the act is unrelated to crypto-assets.
Gap or ambiguity: The provided body is not the legal text, but rather internal metadata notes. No regulatory analysis is possible.
source ↗Scope: The provided text is a placeholder and does not contain the body of the Co-operative Societies Act. The title suggests it regulates co-operative societies, not crypto-assets.
Gap or ambiguity: The provided text is empty of regulatory content, making it impossible to identify any gaps or ambiguities.
source ↗How this jurisdiction inherits, is inspired by, or cites other regulatory texts.
Binding transposition of a supranational anchor.
No edges.
Non-binding alignment with standards or foreign law.
Explicit citations in the body of norms.