Singapore Tightens Crypto Regulations: MAS Mandates Licenses for Overseas Operations by 2025

Singapore’s Monetary Authority (MAS) is imposing stricter regulations on the cryptocurrency industry, requiring local firms to obtain licenses before engaging in overseas operations. Effective June 2025, all crypto businesses operating beyond Singapore must secure a Digital Token Service Provider (DTSP) license or face penalties. This new rule underscores heightened regulatory control and could impact global market activity. The MAS issued formal directives, warning entities of potential consequences including fines up to S$250,000 or imprisonment for non-compliance. [Note: The article references potential service disruptions due to these regulations]