Background
The Monetary Authority of Singapore (MAS) has updated its guidelines on consumer protection measures for digital payment token (DPT) service providers (PS-G03). These measures seek to address certain risks associated with the use of DPT services by retail customers.
To comply with the MAS's PS-G03 Guidelines, Coinbase Singapore will be discontinuing acceptance of payments from retail customers using credit/charge cards issued in Singapore.
The payment restrictions on credit/charge cards issued in Singapore will apply to retail customers residing in Singapore, Hong Kong, New Zealand, Philippines, South Korea, Taiwan, and the United Arab Emirates. However, accredited investors or customers using credit/charge cards issued from other countries will not be affected.
Changes to credit card payment support
Disabling New Card Additions
Retail customers (i.e.; not accredited investors) of Coinbase Singapore will no longer be able to add credit or charge cards issued in Singapore as a payment method.
When attempting to add a new card via the Add payment method screen, the system will display an error message and prevent you from adding your card.
Rejecting charges/transactions from previously added cards
Retail customers (i.e.; not accredited investors) of Coinbase Singapore will not be able to use any previously added Singapore-issued credit or charge cards.
Any previously added Singapore-issued credit or charge cards will no longer be visible for use.
Removing previously added cards
On June 17, 2025, any previously added Singapore-issued credit or charge cards will be automatically removed from all retail Coinbase Singapore accounts. Affected customers must add a new payment method to proceed with future transactions.