MAS
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$$MASK
MASK is in a good mood
1. *Transaction fees*: Paying for transactions on the Mask Network.
2. *Governance*: Participating in voting on proposals for the development and growth of the Mask Network.
3. *Incentivization*: Rewarding nodes for maintaining the network's privacy and security.
The Mask Network aims to provide a privacy-preserving solution for decentralized finance (DeFi) and Web3 applications, making MASK coin an important part of this ecosystem.
Please note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. If you're interested in learning more or investing in MASK coin, make sure to do your own research and consult with a financial advisor.
$$MASK
MASK is in a good mood
1. *Transaction fees*: Paying for transactions on the Mask Network.
2. *Governance*: Participating in voting on proposals for the development and growth of the Mask Network.
3. *Incentivization*: Rewarding nodes for maintaining the network's privacy and security.
The Mask Network aims to provide a privacy-preserving solution for decentralized finance (DeFi) and Web3 applications, making MASK coin an important part of this ecosystem.
Please note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. If you're interested in learning more or investing in MASK coin, make sure to do your own research and consult with a financial advisor.
📢 Singapore Regulatory Update: Important Changes for Crypto Service Providers! 🇸🇬
The Monetary Authority of Singapore (MAS) is implementing new licensing requirements for Digital Token Service Providers (DTSPs).
Deadline Approaching: Entities in Singapore offering digital token services (even to users overseas) MUST be licensed by June 30th or cease operations.
No Grace Period: MAS has emphasized that sufficient time has been provided for compliance.
Who Needs a License? This applies to firms and individuals involved in cryptocurrency activities, depending on their role and if their business is based in Singapore.
Exemptions: Firms already licensed under the Securities and Futures Act, Financial Advisers Act, or Payment Services Act may be exempt.
Strict Enforcement: Non-compliance can lead to significant penalties, including fines up to SGD 250,000 (approx. USD 200,000) and/or imprisonment for up to three years.
MAS's Stance: The goal is to foster innovation while ensuring consumer protection, aiming for a safe, transparent crypto ecosystem and mitigating risks like money laundering and terrorist financing.
Licenses Issued: To date, 33 digital payment token licenses have been granted, with recipients including major players like Coinbase and Anchorage.
This move by MAS signals a clear step towards greater regulatory clarity and oversight in Singapore's growing crypto space. Stay informed and ensure compliance!
#CryptoRegulation #SingaporeCrypto #MAS #DigitalAssets #Blockchain #CryptoNews
The Monetary Authority of Singapore (MAS) is implementing new licensing requirements for Digital Token Service Providers (DTSPs).
Deadline Approaching: Entities in Singapore offering digital token services (even to users overseas) MUST be licensed by June 30th or cease operations.
No Grace Period: MAS has emphasized that sufficient time has been provided for compliance.
Who Needs a License? This applies to firms and individuals involved in cryptocurrency activities, depending on their role and if their business is based in Singapore.
Exemptions: Firms already licensed under the Securities and Futures Act, Financial Advisers Act, or Payment Services Act may be exempt.
Strict Enforcement: Non-compliance can lead to significant penalties, including fines up to SGD 250,000 (approx. USD 200,000) and/or imprisonment for up to three years.
MAS's Stance: The goal is to foster innovation while ensuring consumer protection, aiming for a safe, transparent crypto ecosystem and mitigating risks like money laundering and terrorist financing.
Licenses Issued: To date, 33 digital payment token licenses have been granted, with recipients including major players like Coinbase and Anchorage.
This move by MAS signals a clear step towards greater regulatory clarity and oversight in Singapore's growing crypto space. Stay informed and ensure compliance!
#CryptoRegulation #SingaporeCrypto #MAS #DigitalAssets #Blockchain #CryptoNews
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Singapore Tightens Regulation: "Ultimatum" for Unlicensed Crypto Exchanges
Singapore, a country famous for its technology-friendly environment and financial innovation, is undergoing a strong transformation in its approach to the cryptocurrency market. The Monetary Authority of Singapore (MAS) has just issued a stern "ultimatum": unlicensed crypto exchanges must cease all activities targeting overseas customers from Singapore by June 30, 2025.
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🇵🇰 Pakistan opens its doors to global crypto companies
Pakistan has launched a licensing system for international crypto firms, coordinated by a new regulator — PVARA (Pakistan Virtual Assets Regulatory Authority). This is part of the country's strategy to become a regional hub for digital finance.
🔹 Who can obtain a license:
Only companies with existing SEC (USA), FCA (UK), or MAS (Singapore) permits.
Applications must detail the services, technological standards, and specifics of operations in the Pakistani market.
🤝 International alliances:
🇸🇻 Pakistan has signed a memorandum with El Salvador for cooperation in the field of bitcoin.
💬 Michael Saylor (Strategy, ex-MicroStrategy) offered assistance with integrating BTC into Pakistan's national reserves.
⚖️ Balance of risks and opportunities:
The IMF warns against allocating excess energy for mining due to risks for the energy market.
At the same time, the country aims to utilize blockchain for remittances, financial inclusion, and sharia fintech.
#Pakistan #pakistanicrypto #SEC #FCA #MAS $WLFI $SUI $APT
Subscribe to @VRIO to not miss the latest news about cryptocurrencies!
Pakistan has launched a licensing system for international crypto firms, coordinated by a new regulator — PVARA (Pakistan Virtual Assets Regulatory Authority). This is part of the country's strategy to become a regional hub for digital finance.
🔹 Who can obtain a license:
Only companies with existing SEC (USA), FCA (UK), or MAS (Singapore) permits.
Applications must detail the services, technological standards, and specifics of operations in the Pakistani market.
🤝 International alliances:
🇸🇻 Pakistan has signed a memorandum with El Salvador for cooperation in the field of bitcoin.
💬 Michael Saylor (Strategy, ex-MicroStrategy) offered assistance with integrating BTC into Pakistan's national reserves.
⚖️ Balance of risks and opportunities:
The IMF warns against allocating excess energy for mining due to risks for the energy market.
At the same time, the country aims to utilize blockchain for remittances, financial inclusion, and sharia fintech.
#Pakistan #pakistanicrypto #SEC #FCA #MAS $WLFI $SUI $APT
Subscribe to @VRIO to not miss the latest news about cryptocurrencies!
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The layout of every Dan in #MAS is made of real gold and silver
What allows fans to make money?
News, market rhythm, and risk control execution
The market is unpredictable, I will regularly share cutting-edge information, precise strategies, and practical tips
Every day is a big long position Dan😍
What allows fans to make money?
News, market rhythm, and risk control execution
The market is unpredictable, I will regularly share cutting-edge information, precise strategies, and practical tips
Every day is a big long position Dan😍
#MAS $BNB
$MASK trade plan:
$MASK Trade Strategy
Entry Range: Look to buy between $1.10 and $1.18 for a low-risk entry.
Stop Loss: Place at $0.99 to manage potential losses.
Profit Targets:
Target 1: $1.30 (Adjust stop-loss to breakeven here)
Target 2: $1.45$SOL
Target 3: $1.70
Risk-to-Reward: Targeting a 3:1 ratio to optimize returns.
Plan: Once the first target is hit, shift your stop-loss to entry level to protect capital.
Trade smart and stay disciplined!
$MASK trade plan:
$MASK Trade Strategy
Entry Range: Look to buy between $1.10 and $1.18 for a low-risk entry.
Stop Loss: Place at $0.99 to manage potential losses.
Profit Targets:
Target 1: $1.30 (Adjust stop-loss to breakeven here)
Target 2: $1.45$SOL
Target 3: $1.70
Risk-to-Reward: Targeting a 3:1 ratio to optimize returns.
Plan: Once the first target is hit, shift your stop-loss to entry level to protect capital.
Trade smart and stay disciplined!
🇸🇬 Bitstamp Earns MAS License to Operate in Singapore 🚀
The Monetary Authority of #Singapore (MAS) has officially granted Bitstamp a Major Payment Institution (MPI) license, allowing the exchange to offer digital payment token services to Singapore residents. This makes #Bitstamp the first major EU-based exchange to receive such approval in Singapore, signaling its strategic expansion into APAC markets
🔍 Why It Matters:
Regulatory Toughness: #MAS recently mandated licenses for all crypto exchanges, warning non-compliance could lead to expulsion or penalties .
Trust & Institutional Growth: Bitstamp’s approval bolsters Singapore’s reputation as a trusted hub for crypto and digital asset services .
Global Reach: With over 50 licenses worldwide, Bitstamp reinforces its strategy to serve institutions and retail users across Asia-Pacific .
📈 Market Impact:
Expect increased adoption of Bitstamp in Singapore, especially for institutions, fintech partners, and cross-border token payments. This move supports MAS's push for strong compliance in the crypto sector, setting a benchmark for global exchanges.
#BinanceSquare #Crypto-Boss_
🔍 Why It Matters:
Regulatory Toughness: #MAS recently mandated licenses for all crypto exchanges, warning non-compliance could lead to expulsion or penalties .
Trust & Institutional Growth: Bitstamp’s approval bolsters Singapore’s reputation as a trusted hub for crypto and digital asset services .
Global Reach: With over 50 licenses worldwide, Bitstamp reinforces its strategy to serve institutions and retail users across Asia-Pacific .
📈 Market Impact:
Expect increased adoption of Bitstamp in Singapore, especially for institutions, fintech partners, and cross-border token payments. This move supports MAS's push for strong compliance in the crypto sector, setting a benchmark for global exchanges.
#BinanceSquare #Crypto-Boss_
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👏Vietnam - Singapore sign important agreement on digital assets
The Monetary Authority of Singapore (MAS) and the State Securities Commission of Vietnam (SSC) have signed a Letter of Intent (LOI) to collaborate on capital market regulation and oversight of digital assets.
This agreement enables both parties to share information on the legal framework, oversight, and anti-money laundering measures, while also supporting Vietnam in developing regulations on digital assets.
The signing ceremony took place during the official visit of General Secretary To Lam to Singapore, marking an important milestone in bilateral economic relations following the upgrade to a Comprehensive Strategic Partnership. The event was witnessed by Singapore's Prime Minister Lawrence Wong.
Leaders from both sides emphasized the importance of cross-border financial cooperation, committing to promote market stability and transparency.
#MAS #Vietnam
The Monetary Authority of Singapore (MAS) and the State Securities Commission of Vietnam (SSC) have signed a Letter of Intent (LOI) to collaborate on capital market regulation and oversight of digital assets.
This agreement enables both parties to share information on the legal framework, oversight, and anti-money laundering measures, while also supporting Vietnam in developing regulations on digital assets.
The signing ceremony took place during the official visit of General Secretary To Lam to Singapore, marking an important milestone in bilateral economic relations following the upgrade to a Comprehensive Strategic Partnership. The event was witnessed by Singapore's Prime Minister Lawrence Wong.
Leaders from both sides emphasized the importance of cross-border financial cooperation, committing to promote market stability and transparency.
#MAS #Vietnam
🇸🇬 Hex Trust Secures Major Payment License from Singapore MAS! 💳🚀 $BTC $ETH $XRP
🚨 Big Win for Crypto Custody! Hex Trust has just received a prestigious payment services license from Singapore’s Monetary Authority (MAS), solidifying its position as a key player in regulated digital asset custody. 🏦✅
🔍 What Does This Mean?
With this license, Hex Trust can now:
✅ Offer regulated digital payment token services in Singapore 🇸🇬
✅ Provide institutional-grade custody for crypto & digital assets 🔒
✅ Expand its presence in Asia’s growing crypto market 🌏
⚡ Why It Matters
Singapore is one of the most crypto-forward nations, and securing an MAS license means Hex Trust meets the highest regulatory standards. This move could bring more institutional investors into the space, boosting crypto adoption! 📈🔥
🚀 What’s Next?
With regulatory clarity and institutional trust, Hex Trust is now positioned to scale its services across Asia and beyond. Could this mark a new wave of institutional adoption? 🤔💰
💬 What are your thoughts on Singapore’s crypto-friendly stance? Let us know! 👇🔥
#hextrust #CryptoAdoption #Singapore #MAS #CryptoRegulation #CryptoNews 🚀💳
🚨 Big Win for Crypto Custody! Hex Trust has just received a prestigious payment services license from Singapore’s Monetary Authority (MAS), solidifying its position as a key player in regulated digital asset custody. 🏦✅
🔍 What Does This Mean?
With this license, Hex Trust can now:
✅ Offer regulated digital payment token services in Singapore 🇸🇬
✅ Provide institutional-grade custody for crypto & digital assets 🔒
✅ Expand its presence in Asia’s growing crypto market 🌏
⚡ Why It Matters
Singapore is one of the most crypto-forward nations, and securing an MAS license means Hex Trust meets the highest regulatory standards. This move could bring more institutional investors into the space, boosting crypto adoption! 📈🔥
🚀 What’s Next?
With regulatory clarity and institutional trust, Hex Trust is now positioned to scale its services across Asia and beyond. Could this mark a new wave of institutional adoption? 🤔💰
💬 What are your thoughts on Singapore’s crypto-friendly stance? Let us know! 👇🔥
#hextrust #CryptoAdoption #Singapore #MAS #CryptoRegulation #CryptoNews 🚀💳
Bullish Momentum Pushes Sologenic Toward Key Resistance Levels
Sologenic ($SOLO) is showing strong bullish momentum, with analysts eyeing a potential move toward $0.87451 and beyond. After breaking a long-term downtrend, the asset has entered a consolidation phase, signaling further upside potential. If buyers maintain control, $SOLO could surge toward $1.66, a level over 261% above its current price.
Breakout Signals a Shift in Trend
Javon Marks, a crypto analyst, highlights $SOLO’s recent price action. The cryptocurrency had been trapped in a downtrend from late 2021 until 2023. A diagonal resistance line consistently rejected upward movements, keeping prices suppressed. However, late 2023 saw a breakout that changed the asset’s trajectory.
Once the breakout occurred, $SOLO experienced a rapid surge, entering a new trading range. This rally confirmed a bullish shift in momentum. Price action has since shown consolidation, allowing for a cooling-off period before another potential upward move. The key resistance at $0.424519 initially halted the rally, but sustained demand could push prices higher.
Key Resistance Levels and Market Sentiment
Sologenic’s price movement indicates volatility with sharp declines in the past followed by equally strong recoveries. The recent breakout marks a shift toward bullish conditions. Increased trading volume supports the rally, showing strong buying interest at current levels.
The next crucial target remains $0.87451. A successful break above this level would strengthen the case for a rally toward $1.66. Additionally, the absence of major pullbacks suggests strong demand, reducing the likelihood of a steep correction. However, resistance levels could still pose challenges, and market conditions will play a critical role in determining $SOLO’s next move.
Bullish Outlook with Caution
Investors remain optimistic as $SOLO trades above its previous range. The asset’s ability to hold current price levels is crucial for further gains. Breaking through resistance could trigger a strong upside move, driving prices toward $1.66.
While the broader trend is bullish, traders should watch for potential retracements. Market sentiment, trading volume, and external factors will influence the asset’s performance. Nonetheless, the recent breakout suggests $SOLO may be gearing up for another major rally. If buyers sustain momentum, a new high could be within reach.
#bullish #CoinMartketCap #MAS #RES #SOLO
Breakout Signals a Shift in Trend
Javon Marks, a crypto analyst, highlights $SOLO’s recent price action. The cryptocurrency had been trapped in a downtrend from late 2021 until 2023. A diagonal resistance line consistently rejected upward movements, keeping prices suppressed. However, late 2023 saw a breakout that changed the asset’s trajectory.
Once the breakout occurred, $SOLO experienced a rapid surge, entering a new trading range. This rally confirmed a bullish shift in momentum. Price action has since shown consolidation, allowing for a cooling-off period before another potential upward move. The key resistance at $0.424519 initially halted the rally, but sustained demand could push prices higher.
Key Resistance Levels and Market Sentiment
Sologenic’s price movement indicates volatility with sharp declines in the past followed by equally strong recoveries. The recent breakout marks a shift toward bullish conditions. Increased trading volume supports the rally, showing strong buying interest at current levels.
The next crucial target remains $0.87451. A successful break above this level would strengthen the case for a rally toward $1.66. Additionally, the absence of major pullbacks suggests strong demand, reducing the likelihood of a steep correction. However, resistance levels could still pose challenges, and market conditions will play a critical role in determining $SOLO’s next move.
Bullish Outlook with Caution
Investors remain optimistic as $SOLO trades above its previous range. The asset’s ability to hold current price levels is crucial for further gains. Breaking through resistance could trigger a strong upside move, driving prices toward $1.66.
While the broader trend is bullish, traders should watch for potential retracements. Market sentiment, trading volume, and external factors will influence the asset’s performance. Nonetheless, the recent breakout suggests $SOLO may be gearing up for another major rally. If buyers sustain momentum, a new high could be within reach.
#bullish #CoinMartketCap #MAS #RES #SOLO
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🇸🇬 Singapore introduces strict rules for crypto services: what does this mean for the market?
From June 30, 2025, the Monetary Authority of Singapore (MAS) will launch new regulations for digital token service providers (DTSP).
🔍 What will change:
Mandatory licensing for anyone providing crypto services to users outside of Singapore.
No transition period. Only a few will be able to obtain the license.
License fee — 10,000 SGD. Minimum capital — 250,000 SGD.
Strict requirements for security, anti-money laundering, and IT risks.
💬 Our opinion:
MAS makes it clear: the crypto industry will no longer allow "business as usual". They are creating a real "stress test" for projects.
On one hand, this may deter weak players. But on the other hand, it is a step towards a mature, transparent market where users feel safe. This means there will be more trust in crypto.
⚠️ Reminder: all investments carry risks. Make only informed choices.
---
#Криптовалюта #Сингапур #Регулирование #MAS #Крипторынок
$BTC $ETH
From June 30, 2025, the Monetary Authority of Singapore (MAS) will launch new regulations for digital token service providers (DTSP).
🔍 What will change:
Mandatory licensing for anyone providing crypto services to users outside of Singapore.
No transition period. Only a few will be able to obtain the license.
License fee — 10,000 SGD. Minimum capital — 250,000 SGD.
Strict requirements for security, anti-money laundering, and IT risks.
💬 Our opinion:
MAS makes it clear: the crypto industry will no longer allow "business as usual". They are creating a real "stress test" for projects.
On one hand, this may deter weak players. But on the other hand, it is a step towards a mature, transparent market where users feel safe. This means there will be more trust in crypto.
⚠️ Reminder: all investments carry risks. Make only informed choices.
---
#Криптовалюта #Сингапур #Регулирование #MAS #Крипторынок
$BTC $ETH
Quoted content has been removed
🎭🚀 MASK Coin is Ready to Explode! 🚀🎭
📢 Big news in the crypto world!
This week, MASK is expected to hit $3.192 — and investors are taking notice! 💰🔥
🔍 What is MASK?
MASK is a privacy-focused Web3 solution that empowers users to browse and interact in a decentralized, secure internet. Its utility and adoption are growing fast! 🌐🔐
📈 The price surge reflects rising demand and market confidence.
Whether you're a seasoned trader or just starting out — MASK Coin is one to keep on your radar! 👁️
🕒 Don’t miss the momentum — timing is everything in crypto!
👇 Drop your thoughts in the comments:
Do you think MASK can go beyond $3.5 this week?
#MAS #CryptoNewss #CryptoPakistani #AltcoinAlert #Web3
📢 Big news in the crypto world!
This week, MASK is expected to hit $3.192 — and investors are taking notice! 💰🔥
🔍 What is MASK?
MASK is a privacy-focused Web3 solution that empowers users to browse and interact in a decentralized, secure internet. Its utility and adoption are growing fast! 🌐🔐
📈 The price surge reflects rising demand and market confidence.
Whether you're a seasoned trader or just starting out — MASK Coin is one to keep on your radar! 👁️
🕒 Don’t miss the momentum — timing is everything in crypto!
👇 Drop your thoughts in the comments:
Do you think MASK can go beyond $3.5 this week?
#MAS #CryptoNewss #CryptoPakistani #AltcoinAlert #Web3
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Just received an email notification that the two coins, Avax and Hype, will only be listed on the established Singapore exchange, Independent Reserve (IR), next week on August 12.
The reason why IR is considered an established exchange is that it was one of the first to obtain the Major Payment Institution License from the Monetary Authority of Singapore (MAS) in 2021, allowing retail investors in Singapore to open accounts, trade, and withdraw virtual currencies using Singapore dollars on a centralized exchange (CEX). IR has an Australian background.
I checked other exchanges that have obtained licenses in Singapore, and the Avax coin has already been listed on Coinhako, Crypto.com, and Coinbase.
Hype has not yet been listed on Crypto.com and Coinhako, but it has already been listed on Coinbase.
Coinhako is a locally based exchange in Singapore that obtained its exchange license in May 2022.
Crypto.com and Coinbase, both with a U.S. background, only obtained their exchange licenses in Singapore in 2023.
At the IR exchange, it has just become possible to withdraw USDC and ETH on the Arbitrum and Base EVM chains.
As for Coinhako, so far, EVM withdrawals can only be done on Ethereum.
The compliance requirements for tokens listed in Singapore are high, the variety of tradable tokens is limited, and the options for public chains are few, which is a common characteristic of virtual currency exchanges in Singapore. However, compared to Hong Kong, the variety of tokens across Singapore's exchanges is somewhat greater.
MAS has clearly defined the demand to protect local users, and those tokens that are quickly listed have little chance of being listed on Singapore CEXs.
#coinbase
#independentreserve
#Cryptocom
#coinhako
#MAS
The reason why IR is considered an established exchange is that it was one of the first to obtain the Major Payment Institution License from the Monetary Authority of Singapore (MAS) in 2021, allowing retail investors in Singapore to open accounts, trade, and withdraw virtual currencies using Singapore dollars on a centralized exchange (CEX). IR has an Australian background.
I checked other exchanges that have obtained licenses in Singapore, and the Avax coin has already been listed on Coinhako, Crypto.com, and Coinbase.
Hype has not yet been listed on Crypto.com and Coinhako, but it has already been listed on Coinbase.
Coinhako is a locally based exchange in Singapore that obtained its exchange license in May 2022.
Crypto.com and Coinbase, both with a U.S. background, only obtained their exchange licenses in Singapore in 2023.
At the IR exchange, it has just become possible to withdraw USDC and ETH on the Arbitrum and Base EVM chains.
As for Coinhako, so far, EVM withdrawals can only be done on Ethereum.
The compliance requirements for tokens listed in Singapore are high, the variety of tradable tokens is limited, and the options for public chains are few, which is a common characteristic of virtual currency exchanges in Singapore. However, compared to Hong Kong, the variety of tokens across Singapore's exchanges is somewhat greater.
MAS has clearly defined the demand to protect local users, and those tokens that are quickly listed have little chance of being listed on Singapore CEXs.
#coinbase
#independentreserve
#Cryptocom
#coinhako
#MAS
$XVS /USDT Update: Current price at $6.39, down 0.16% today.
24h Volume: 65,516.83 $XVS ($414,053.61), showing steady activity.
#MAs indicate a potential support level, watch for a breakout.
24h Volume: 65,516.83 $XVS ($414,053.61), showing steady activity.
#MAs indicate a potential support level, watch for a breakout.
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🚫 Singapore is cracking down on crypto abroad!
The Monetary Authority of Singapore (MAS) has issued a directive: local crypto firms are prohibited from providing services with digital tokens (DT) overseas.
📆 By June 30, 2025, all DTSP companies from Singapore must: — either cease international operations,
— or obtain a rare license under strict AML controls.
💰 Violations will result in fines up to 250,000 SGD (~200,000 USD) and up to 3 years in prison.
📉 MAS fears that crypto firms are using the country as a "regulatory loophole," conducting unregulated activities abroad.
👨⚖️ Lawyers advise: restructure the business and sever ties with Singapore while there is still time.
🔥 This is just the beginning of a tough crackdown. The world of crypto is changing.
#CryptoNewss #MAS $ETH $XRP $SOL
The Monetary Authority of Singapore (MAS) has issued a directive: local crypto firms are prohibited from providing services with digital tokens (DT) overseas.
📆 By June 30, 2025, all DTSP companies from Singapore must: — either cease international operations,
— or obtain a rare license under strict AML controls.
💰 Violations will result in fines up to 250,000 SGD (~200,000 USD) and up to 3 years in prison.
📉 MAS fears that crypto firms are using the country as a "regulatory loophole," conducting unregulated activities abroad.
👨⚖️ Lawyers advise: restructure the business and sever ties with Singapore while there is still time.
🔥 This is just the beginning of a tough crackdown. The world of crypto is changing.
#CryptoNewss #MAS $ETH $XRP $SOL
See original
Unlicensed crypto services in Singapore will cease operations from June 30
From June 30, 2025, new regulatory requirements for digital token service providers (DTSP) will come into effect in Singapore, requiring them to obtain a license or cease operations. The relevant changes were approved by Parliament as part of the Financial Services and Markets Act (FSM Act). The Monetary Authority of Singapore (MAS) did not provide a transition period, requiring immediate compliance with the new rules.
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