The Monetary Authority of Singapore (MAS) has ordered unlicensed crypto firms operating overseas in the nation to halt those services by June 30. This regulatory crackdown seeks to balance consumer protection with fostering a secure digital asset ecosystem, according to the MAS. The directive applies to providers lacking a Digital Token Service Provider (DTSP) license and aims to enhance regulatory oversight for Singapore’s expanding pool of retail crypto users. While DTSP licenses have been granted to firms approved under the Payment Services Act, those without such approvals are obliged to halt overseas operations immediately. MAS emphasizes that these actions stem from concerns about potential unfair practices and financial misconduct if cross-border services aren’t provided within regulatory compliance. The regulator stresses that any attempts to circumvent licensing by relocating operations or engaging in similar activities would be considered non-compliant.