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 are to ensure retail customers are aware of the risks associated with DPT services.
Existing individual retail customers must pass a knowledge assessment (also referred to as a "risk awareness assessment") before using unrestricted DPT services from Coinbase Singapore from June 17, 2025, 00:00 SGT. This does not apply to accredited investors or to corporate or institutional customers.
Assessment requirements
Existing retail customers must take the assessment by June 16, 2025, including customers who are updating their existing account country to one with the Coinbase Singapore Pte. Ltd. entity.
Customers must answer at least 4 of the 6 questions correctly.
The assessment covers key risks like price volatility, liquidity, operational security, custody, conflicts of interest, and regulatory issues.
Take the assessment
Go to the Coinbase Singapore knowledge assessment.
Follow the prompts to take the assessment.
You’ll be notified in-app and by email if you’ve passed or failed.
If you pass, you can use DPT services unless other restrictions apply.
If you fail, your account will be restricted to crypto-to-fiat transactions and withdrawals starting June 17, 2025, 00:00 SGT, until you pass the assessment. There’s no limit on retakes, but we recommend reviewing our educational resources before another attempt.
Coinbase Singapore will determine if an updated risk assessment is required based on current policies and procedures.