DTSP licensing Singapore – Everything You Need to Know

When talking about DTSP licensing Singapore, the process of obtaining a Digital Token Service Provider licence from the Monetary Authority of Singapore (MAS), also known as crypto service licence, you’re stepping into a tightly regulated arena that blends fintech innovation with strict compliance.

The Monetary Authority of Singapore, Singapore’s central bank and financial regulator acts as the gatekeeper. It requires every DTSP to meet capital thresholds, appoint a qualified compliance officer, and adopt a robust risk‑management framework. In practice, this means you’ll need to submit a detailed business plan, outline your AML/CFT measures, and prove you have sufficient technology safeguards. The regulatory sandbox, another MAS initiative, lets startups test new token models under relaxed rules before full licensing. DTSP licensing Singapore isn’t just paperwork; it’s a commitment to protect investors and keep the market safe.

Core Requirements and Related Compliance Topics

Beyond MAS approval, a DTSP must align with the Digital Asset Service Provider, the classification covering exchanges, custodians, and token issuers standards. This includes continuous monitoring for suspicious transactions and reporting to the Suspicious Transaction Reporting Office (STRO). Anti‑money‑laundering (AML, rules designed to prevent illicit finance) and counter‑terrorism financing (CFT) obligations are woven into every licence clause. Failure to comply can trigger fines or licence revocation, so many firms invest in dedicated compliance tech and hire seasoned officers. The licensing journey also touches on data privacy under Singapore’s PDPA, cybersecurity best practices, and the need for transparent token disclosures to users.

Below you’ll find a hand‑picked set of articles that walk you through each step of this ecosystem. From deep dives on MAS’s latest regulatory updates to practical checklists for AML program design, the collection gives you actionable insight whether you’re launching a new exchange or scaling an existing token service. Expect real‑world examples, step‑by‑step guides, and the latest news that could affect your licence renewal. Dive in, and you’ll have a clear roadmap to navigate DTSP licensing Singapore with confidence.