Singapore issues the strictest Web3 regulatory order, declaring the end of the regulatory arbitrage era.


On May 30, 2025, the Monetary Authority of Singapore (MAS) released a response document regarding new regulations for digital token service providers (DTSP). The new regulations will officially take effect on June 30, 2025, with no grace period. The introduction of this policy marks a shift in Singapore's stance towards the Web3 industry from 'friendly' to 'high-pressure regulation', causing a shock throughout the industry and potential large-scale 'exodus'.

"If it's non-compliant, it has to go."

The affected groups are broad.

High-risk groups include but are not limited to:

  • Individual practitioners: developers, consultants, KOLs, content creators, etc.

    "Those writing about Binance Square count as well."

  • Institutional project parties: unlicensed exchanges, DeFi projects, wallet services, NFT platforms, etc.;

  • Core project personnel: founders, sales, BD, and other business-related roles.


Additionally, MAS has clearly stated that it will approve licenses with an extremely cautious attitude, making the application difficulty extremely high.

Several current issues.

1. Large Web3 conferences such as Token2049 may not be able to proceed.

2. Most Web3 projects are starting to hesitate or prepare to move out.

3. The focus of Web3 in the Asia-Pacific region may shift to other jurisdictions.

South Korea? Hong Kong? Taiwan?

We, the retail investors, cautiously bottom fish; there may be regulatory hammers, there may be regulatory hammers, there may be regulatory hammers.

#新加坡封禁

Follow the orange cat, accompany you to find the next hundredfold opportunity.