Singapore Tightens Crypto Regulations: Overseas Services Face Bans by 2025

Singapore’s Monetary Authority of Singapore (MAS) has announced a sweeping ban on unlicensed overseas crypto services, effective by 2025. The new regulation targets digital token service providers (DTSPs), requiring them to secure licenses for all operations outside the country. This move reflects MAS’s ongoing commitment to enhance regulatory frameworks within the cryptocurrency sector. The directive aligns with Singapore’s goal of creating a safer environment for digital assets and protects consumers from unfair practices.