The Monetary Authority of Singapore (MAS) requires domestic cryptocurrency companies to cease all activities targeting the international market by June 30, 2025, unless they have the appropriate license. The fine for each violation can be up to $200,000.
This move aims to control risks, prevent regulatory evasion, protect investors, and stabilize the financial system. Affected businesses need to quickly restructure and完善 legal procedures to continue expanding into the market legally.
This is a step reflecting the global trend of tightening regulation in the crypto sector, requiring companies to be transparent, comply, and develop sustainably.
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