According to Foresight News, the Monetary Authority of Singapore (MAS) has announced plans to tighten regulations on cryptocurrency transactions to curb financial crimes such as money laundering. The authority has also raised the threshold for issuing Digital Token Service Provider (DTSP) licenses, indicating that such licenses will generally not be granted.
Previously, Foresight News reported that on May 30, 2025, MAS released its final policy document. This document mandates that all cryptocurrency service providers registered or operating in Singapore must cease offering services to overseas clients by June 30, 2025, unless they have obtained a DTSP license. MAS emphasized that there will be no transition period, and violators will face legal penalties.