新加坡加密新规

Singapore has long been viewed as a cryptocurrency paradise in Asia. However, with the Monetary Authority of Singapore (MAS) introducing new regulations for digital token service providers (DTSP), everything seems to be changing.
"The strictness of the new regulations has shocked many cryptocurrency practitioners"
Background and implementation of the new regulations
Singapore's cryptocurrency regulation did not happen overnight. As early as 2020, Singapore passed the Payment Services Act, bringing digital payment tokens under regulation.
In 2022, Singapore further passed the Financial Services and Markets Act (FSMA), introducing the DTSP license system. After multiple rounds of public consultations and feedback, the new regulations are set to be officially implemented on June 30, 2025.

Once hailed as 'Asia's Crypto Paradise', Singapore's crypto industry is now undergoing an unprecedented upheaval. The new regulations effective at the end of June are like a bombshell, creating waves in the industry, with the Chinese crypto legion being the first to bear the brunt, facing severe challenges.
1. Three Major Killing Moves of the New Regulations, No Dead Angle Strangulation
(1) License Extinction Order
The Monetary Authority of Singapore (MAS) has clearly stated that unlicensed exchanges must shut down by the end of June, which is undoubtedly a 'death sentence' for trading platforms that operate outside regulation. Referring to the Hong Kong JPEX-style exit, exchanges without a legal license will completely lose their survival space in Singapore. In the past, some small cryptocurrency exchanges attempted to operate in the gray area, taking advantage of Singapore's relatively loose policy environment, but the new regulations have left them nowhere to hide.