MAS Major Payment Institution (Digital Payment Token) license

License · PageRank 0.0097

Also known as: MAS MPI, MPI DPT

Source: mas.gov.sg

Overview

The MAS Major Payment Institution (Digital Payment Token) license is a regulatory authorization under Singapore's Payment Services Act, allowing firms to provide digital payment token services such as crypto exchange, transfer, and custody. It is a higher-tier license with stricter compliance requirements compared to the Standard Payment Institution license. Entities holding this license must adhere to anti-money laundering, counter-terrorism financing, and other regulatory obligations.

Within the DeFi Intel graph, MAS Major Payment Institution (Digital Payment Token) connects to 13 tracked entities, most strongly to MAS, Circle, Coinbase.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 13 total).

Frequently asked questions

What is the MAS Major Payment Institution (Digital Payment Token) license?

The MAS Major Payment Institution (Digital Payment Token) license is a regulatory authorization under Singapore's Payment Services Act, allowing firms to provide digital payment token services such as crypto exchange, transfer, and custody. It is a higher-tier license with stricter compliance requirements compared to the Standard Payment Institution license.

Which entities are regulated by the MAS Major Payment Institution (Digital Payment Token) license?

Entities regulated by this license include Coinbase, Crypto.com, Independent Reserve, DBS Digital Exchange, Paxos, Circle, and Sygnum.

What regulatory obligations must holders of the MAS Major Payment Institution (Digital Payment Token) license adhere to?

Holders must adhere to anti-money laundering, counter-terrorism financing, and other regulatory obligations.