Singapore’s MAS Orders Unlicensed Crypto Firms to Halt Overseas Services

The Monetary Authority of Singapore (MAS) has issued a directive requiring all local digital token service providers (DTSPs) without a DTSP license to stop offering services to overseas clients by June 30, 2025. This move is part of Singapore’s ongoing regulatory efforts in the rapidly evolving digital asset landscape. The MAS aims to ensure compliance with regulations and consumer protection standards. The directive significantly impacts international operations of crypto firms operating within Singapore, prompting them to adapt their business models.