🇸🇬 MAS tightens cryptocurrency regulations: Halts the provision of tokens abroad before June 30, 2025

The Monetary Authority of Singapore (MAS) has issued a directive requiring cryptocurrency service providers (DTSP) in the country to stop offering digital token (DT) issuance services to foreign markets before June 30, 2025.

🔒 This move aims to:

Enhance control over money laundering and terrorist financing risks.

Prevent organizations from exploiting the legal framework in Singapore to access global users.

Ensure that DT services only serve the domestic scope when not fully licensed.

📌 MAS emphasizes: After June 30, 2025, any DTSP that does not comply with the regulations will face severe penalties, including suspension of operating licenses.

🧠 Context:

Singapore is one of the countries with a clear and strict legal framework for cryptocurrencies. The new ban is the next step following a series of regulations on investor protection and cryptocurrency advertising controls since late 2023.

📎 Source: Monetary Authority of Singapore (MAS), The Straits Times, Cointelegraph