US EditionSingapore Warns Unlicensed Crypto Firms Must Exit Overseas Markets by ...
- On June 30, 2025, Singapore introduced new regulations requiring digital token service providers incorporated in the country to either obtain a license or discontinue services offered to clients outside Singapore.
- This decision reflects MAS's increasing worries about the potential for illicit financial activities related to cross-border crypto services and the difficulties in regulating overseas-focused digital token operations.
- MAS clarified that DTSPs offering only utility and governance token services are exempt, but all others must stop foreign-serving activities or obtain a license under stricter compliance rules.
- Violators face penalties of up to S$250,000 in fines and three years’ imprisonment, while all licensed DTSPs must meet a minimum S$250,000 capital requirement and follow enhanced due diligence.
- These measures close regulatory gaps, align Singapore with global standards, and require crypto firms to adapt or exit foreign markets, reflecting a broader effort to secure digital asset management.
15 Articles
15 Articles
Singapore Kicking Out Unlicensed Firms is Part of Global Trend
Singapore’s most current order for unlicensed crypto companies to stop serving abroad clients marks the start of completion for regulative loopholes in the blockchain market. The Might 30 regulation from the Monetary Authority of Singapore (MAS) informs crypto companies and people providing services abroad to get certified or go out. To some in the market, it might appear like Singapore is all of a sudden turning away from its crypto-friendly po…
Singapore Kicking Out Unlicensed Firms is Part of Global Trend - Invest In Crypto News
Singapore’s latest order for unlicensed crypto firms to stop serving overseas customers marks the beginning of the end for regulatory loopholes in the blockchain industry. The May 30 directive from the Monetary Authority of Singapore (MAS) tells crypto firms and individuals offering services abroad to get licensed or get out. To some in the industry, it may look like Singapore is suddenly turning away from its crypto-friendly stance. But in real…
Singapore Clarifies Crypto Licensing Rules With Offshore-Only Activities Under Fire
Singapore’s looming licensing mandate forces offshore-only crypto providers into urgent compliance mode, threatening to cut off unregulated access to tokenized finance and digital asset markets. June 30 Sparks Compliance Race for Offshore-Only Crypto Providers in Singapore The Monetary Authority of...
Singapore Clarifies Crypto Licensing Rules With Offshore-Only Activities Under Fire – Regulation Bitcoin News
Singapore’s looming licensing mandate forces offshore-only crypto providers into urgent compliance mode, threatening to cut off unregulated access to tokenized finance and digital asset markets. June 30 Sparks Compliance Race for Offshore-Only Crypto Providers in Singapore The Monetary Authority of Singapore (MAS) issued clarifications on June 6 regarding the scope and application of its regulatory […]
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