Country Manual Cryptos Overview Update
Singapore
BRP has updated its Country Manuals Cryptos Overview for
Singapore
out of Crypto-Asset service provider’s country of establishment (DEF, RS & RT)
| SOURCE OF CHANGES | ANSWERS |
|---|---|
| Law/Regulation | No |
| New Position of the Authorities | No |
| Evolution of Expert’s interpretation | No |
Definitions & Concepts, Regulatory Summary and Behaviour Template
The Country Manual Cryptos Overview has been reviewed to ensure that the content of all the documents remain accurate and up to date.
Material changes
The Cryptos Overview Behaviour Template (BT) reflects the principles set out in the Regulatory Summary document (RS) using schematic “dos and don’ts” that now cover both types of investors (Retail and Professional). Crypto-asset related activities that are exclusively provided to Professional Clients (i.e. financial institutions that are regulated in Singapore) are exempt from licensing requirements under the Payment Services Act (PSA) and the Securities and Futures Act (SFA). Based on this legal exemption, CASPs may solicit or promote their crypto-asset services to Professional Clients in Singapore. However, CASPs must only operate on an occasional basis in Singapore to avoid being perceived as having established a place of business or conducting business there.
Non-material changes
Some comments and content have been slightly reworded, without introducing substantive changes to better reflect the regulatory situation/current interpretation of the regulatory framework more accurately.
For more information, please contact us: info@brpsa.com
Geneva, June 2nd, 2025