MAS Crypto License Cost and Timeline Singapore 2025

{ "body": "Major Payment Institution license covers DPT services with transaction volumes above SGD 3 million per month and requires SGD 250,000 minimum base capital. Standard Payment Institution covers lower volumes with SGD 100,000 base capital. Both require ongoing capital maintenance.", "heading": "License Types and Capital Requirements" }

{ "body": "Total costs for a well-prepared MAS DPT license application typically range from SGD 500,000 to SGD 1.5 million. This includes application fees, legal and compliance consulting, technology assessments, and internal compliance infrastructure buildout.", "heading": "Application Costs" }

{ "body": "MAS processes PSA applications within 6 months in theory, but complex applications or those requiring clarification can take 9-18 months. Applicants should budget for an 18-month runway from submission to licensed operation.", "heading": "Timeline" }