Singapore’s Web3 Regulation: A Battle Royale for Crypto Firms

Singapore’s web3 ecosystem is undergoing a significant transformation as regulatory measures are implemented, marking the end of its lenient approach to crypto businesses. The government has decided to shift from a welcoming posture towards a more stringent stance, effectively turning it into a ‘battle royale’ where only large, compliant entities can remain in the market. 2025 marks this pivotal change as the new Digital Token Service Provider (DTSP) regulations come into effect. This stricter approach aims to ensure stability and sustainability within the crypto industry.