Recently, the Monetary Authority of Singapore (MAS) announced the latest "Payment Service Provider License Application Guide" on its official website. According to the terms of the "Payment Service Provider License", all local crypto exchanges must obtain the license to operate legally. Some people think that this license is a crypto exchange compliance license. Some media learned from Ju Jianhua, founder and CEO of Bluehelix, that this payment license is actually a “DPT transaction platform” (Digital Payment Token (including BTC and ETH)) compliance license, because the Singapore government will BTC, ETH, etc. Cryptocurrency definition In order to pay currency, the so-called "exchange" in the definition is a platform that allows users to exchange cryptocurrencies. However, it is currently uncertain whether the payment license contains the "asset custody + matching transaction permission" required by the exchange.