Singapore Tightens Crypto Rules: Offshore Exchanges Exit Amid Crackdown

Singapore’s government is clamping down on unlicensed cryptocurrency firms, forcing several major players to consider relocating operations. The Monetary Authority of Singapore (MAS) issued a final notice requiring these unregistered exchanges to shut down by June 30th. This move has led to an exodus of large offshore companies like Bitget and Bybit, who are now exploring relocation to more crypto-friendly jurisdictions like Dubai and Hong Kong.