Singapore crypto firms must obtain DTSP licenses by June 30, 2025
International services without license must stop post-deadline
Industry urged to accelerate compliance and adapt systems
As of June 30, 2025, Singapore-based crypto entities that serve clients overseas must hold a Singapore DTSP license, or they’ll have to halt cross-border operations. This regulatory update underscores Singapore’s push for stronger oversight of crypto activities involving international clients. Firms without the required license by the deadline are expected to withdraw services targeting foreign users.
What Firms Need to Do
Registered entities should begin preparations now:
Review current cross-border service offerings
Submit DTSP license applications well before June
Adjust operations to block international access until licensed
Authorities in Singapore, known for strict AML and compliance frameworks, are reinforcing these expectations. Any non-compliant activity post-deadline may lead to enforcement actions and reputational harm.
INSIGHT: Starting June 30, 2025, Singapore-based crypto entities serving overseas clients must obtain DTSP licenses or cease cross-border operations entirely. pic.twitter.com/w1COhdzuxV
— Cointelegraph (@Cointelegraph) June 24, 2025
Impacts Beyond Licensing
Beyond securing the license, firms must:
Implement enhanced client due diligence
Boost AML and CFT systems
Upgrade reporting mechanisms
Educate staff on cross-border risk compliance
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