PANews, June 2 - The Monetary Authority of Singapore (MAS) recently released its final response document regarding the regulatory consultation for Digital Token Service Providers (DTSP) under Part 9 of the Financial Services and Markets Act 2022. MAS confirmed that the relevant provisions for DTSP will be officially implemented on June 30, 2025, stating that all entities established or operating in Singapore that specifically provide digital token services to overseas clients must obtain a DTSP license; otherwise, they will be acting unlawfully. MAS reiterated that there will be no transition period and that licenses will only be issued in 'extremely limited' circumstances, while also stipulating an annual fee of 10,000 Singapore dollars and a minimum capital requirement of 250,000 Singapore dollars, and strengthening regulatory standards for anti-money laundering, cybersecurity, and technology risk management.