What Singapore FSMA 2022 Part 9 - Digital Token Service Providers (DTSP) Licensing Regime requires
Part 9 of Singapore's Financial Services and Markets Act 2022 (Act 18 of 2022) commenced on 30 June 2025 and creates a Monetary Authority of Singapore (MAS) licensing regime for Digital Token Service Providers (DTSPs) carrying on business of providing any digital token service listed in the First Schedule. Section 137 prohibits unlicensed DTSP business. Section 138 governs licence applications; Section 139 prohibits holding out as licensee; Section 140 governs annual fees; Section 141 covers lapsing, surrender, revocation or suspension; Section 142 sets appeals to the Minister. Conduct of business obligations (Subdivision 2) cover place of business (Section 143), notification of certain events (Section 144), provision of information (Section 145), periodic reports (Section 146), and prohibition on certain other businesses (Section 147). Subdivision 3 (Sections 148-154) controls shareholders/controllers; Subdivision 4 (Sections 155-157) controls CEO, directors, partners and managers; Subdivision 5 (Sections 158-161) covers audit obligations. Division 3 sets offences for falsification (Section 162) and general penalty (Section 163). The Second Schedule lists excluded persons. The regime applies to DTSPs operating from Singapore even when services are provided to overseas customers - closing a previously open jurisdictional gap.
Pillar: Crypto & Sovereign Finance · Authority: Singapore Statutes Online - Financial Services and Markets Act 2022 (Act 18 of 2022), Part 9 · Version: 1.0.1 · Last updated:
Primary source: https://sso.agc.gov.sg/Acts-Supp/18-2022
SHA-256 integrity: 8f4d6aa3b2567e7b1f940f3d3f469532695fe9e88b93ba85339f474589aae11e
Primary Citations — 26 traced to source
- Singapore Financial Services and Markets Act 2022, Act 18 of 2022, Part 9 - Digital Token Service Providers
- Section 136 - Interpretation of Part 9
+ 24 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
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