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MAS stops crypto service providers from marketing to general public

Khairani Afifi Noordin
Khairani Afifi Noordin1/17/2022 3:28 PM GMT+08  • 3 min read
MAS stops crypto service providers from marketing to general public
This includes advertising in public areas in Singapore as well as through the engagement of third parties.
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Digital Payment Token (DPT) service providers should not promote their services to the general public in Singapore, according to new guidelines issued by the Monetary Authority of Singapore (MAS).

The new guidelines clarify MAS’ expectations that the service providers for DPT — more commonly known as cryptocurrencies — should not engage in the marketing or advertising of DPT services.

This includes public areas in Singapore, such as through advertisements on public transport, public transport venues, public websites, social media platforms, broadcast and print media, or provision of physical automated teller machines (ATMs).

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