According to a report by Shenchao TechFlow, the Monetary Authority of Singapore (MAS) will release the final policy document on May 30, 2025. It stipulates that all cryptocurrency service providers registered or operating in Singapore must cease providing cryptocurrency services to overseas customers by June 30, 2025, if they have not obtained a DTSP license. MAS emphasizes that there will be no transition period, and violators will face legal penalties.