Singapore Imposes Deadline for Unlicensed Crypto Firms, Enforcing Stricter Regulations

The Monetary Authority of Singapore (MAS) has issued a strict directive demanding all domestic cryptocurrency service providers without a Digital Token Service Provider (DTSP) license to cease international operations by June 30. This move is part of Singapore’s ongoing effort to regulate its rapidly evolving crypto market and protect consumers. 🇨🇸 Only firms with the necessary DTSP licenses will be permitted to operate overseas, with no transitional period allowed. Failure to comply will result in penalties. ⚠️