Singapore's 19 Licensed Crypto Services Providers
As of 24 January 2024, MAS had given the green light to 19 companies to provide crypto services in Singapore
These companies have been granted a licence under the Payment Services Act (PSA), which regulates the provision of payment services in Singapore. The PSA was amended in 2020 to include cryptocurrencies within its scope.
The 19 licensed companies are:
- Binance
- Bybit
- Coinbase
- Crypto.com
- Gemini
- Huobi
- Kraken
- KuCoin
- Luno
- OKX
- Poloniex
- Satoshi Nakamoto International
- Tokocrypto
- Upbit
- Vauld
- Xfers
- Zipmex
These companies offer a variety of crypto services, including:
- Buying and selling cryptocurrencies
- Storing cryptocurrencies
- Trading cryptocurrencies
- Providing custody services for cryptocurrencies
The licensing of these companies is a sign that the Singapore government is taking a proactive approach to regulating the crypto industry. The PSA provides a framework for the safe and orderly development of the crypto industry in Singapore.
Here are 10 Singapore-Based Crypto Companies You Should Know About
In addition to the 19 licensed crypto services providers, there are a number of other Singapore-based crypto companies that are worth knowing about. These companies offer a variety of products and services, including:
- Crypto exchanges
- Crypto wallets
- Crypto trading platforms
- Crypto investment funds
- Crypto research firms
These companies are playing a key role in the development of the crypto industry in Singapore. They are providing the infrastructure and services that are needed to make cryptocurrencies more accessible and user-friendly.
Here are 10 of the most interesting Singapore-Based Crypto Companies:
- Amber Group
- Crypto.com
- Gemini
- Hodlnaut
- Matrixport
- Nexo
- OKX
- Terraform Labs
- Three Arrows Capital
- Xfers
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