Use the MAS activity filter
Search the MAS Financial Institutions Directory for the legal entity and the Digital Payment Token Service activity. Check the current status and listed activities instead of relying on a press release that a group has received approval.
Confirm that the specific entity and service are available to your customer location. MAS’s June 2025 clarification distinguishes Singapore-facing regulated services from the separate regime for relevant digital token services supplied solely overseas. A Singapore address is not proof of permission for either model.
Match the contract to the register
Find the legal name, registration number and jurisdiction in the customer agreement. Search the official register directly, rather than following a badge or screenshot supplied by the provider. Compare the name and identifiers character by character. A trading brand can operate through several entities with different permissions.
Read the status, activity scope, restrictions and any published notices. Record the date of your check. Ask which entity holds fiat funds, which entity controls crypto and which entity owes you a withdrawal. If the documentation names different companies, resolve that difference before depositing.
Keep an evidence file
Save the register entry and the dated terms offered to you. Record the domain, customer-support route and complaint process. Check regulator warnings for the entity and possible clones, but do not treat absence from a warning list as approval.
Repeat the check when the provider changes your agreement, adds a product or transfers your account. Spot exchange, derivatives, staking and custody can have different regulatory treatment. Verify the service you will actually use.
Sources & scope
Official sources support the jurisdiction context. The working checklists are CryptoGov’s editorial preparation suggestions, not an exhaustive application or filing requirement. Confirm the rules and your circumstances before acting.