Most fintech questions in GMC come down to one issue: is what you do a regulated activity carried on by way of business, or is it software, infrastructure or a commercial arrangement that the Financial Services Act 2025 leaves alone? Get that wrong and you are either unlicensed or paying for a permission you never needed. Basnet Law Pte. Ltd. is the first law firm incorporated in GMC.

Perimeter opinions on Providing Money Services, defined as "currency exchange, Money Remittance or Payment Services", and on the carve-outs from Payment Services.

Lending and buy-now-pay-later models against the Providing Credit and Arranging Credit activities.

Robo-advice and wealth apps against Advising on Investments or Credit, Arranging Deals and Managing Assets.

Software and infrastructure providers relying on the exclusions for arrangements that do not cause a deal, for enabling parties to communicate, and for order routing.

Stablecoin and tokenised payment products under the Issuing a Fiat-Referenced Token activity.

Licensing, Approved Persons and AML programme design under the Act and the AML and Sanctions rulebook.

Payment and remittance companies entering GMC. Digital lenders and embedded finance providers. Wealth, trading and robo-advisory apps. Infrastructure, SaaS and data vendors serving Licensed Firms.