What is this tool for?
This analyzer helps you determine if your digital token business needs a license from the Monetary Authority of Singapore (MAS). It specifically compares the coverage of the Payment Services Act (PS Act) and the Financial Services and Markets Act (FSMA).
Why might you need a license?
If you provide services relating to digital tokens (like cryptocurrencies or tokenized capital markets products), Singapore has rules that may apply.
How does this tool help?
By answering some questions, you can check if your business activities may fall within the PS Act, the FSMA or do not require a license.
