Q1: How strict are the new regulations in Singapore?
The new regulations clearly tighten restrictions on crypto service providers, to be enforced immediately at the end of June, with zero buffer period. The MAS's attitude is extremely cautious. The core of the tightening regulation is: comprehensive control, strict risk management, and prevention of chaos.
Q2: Why did Singapore suddenly change its stance?
In the past, Singapore was seen as a crypto-friendly haven due to its flexible policies. However, the global trend of regulatory tightening, coupled with concerns over consumer protection, has forced the MAS to reassess the risks of the crypto industry.
Q3: What are Web3 entrepreneurs most anxious about?
What concerns people is not only the rising compliance costs, but also the rapidly changing regulatory stance, making it impossible to plan for the long term. Project teams are generally considering: is it worth staying in Singapore? Or should they move directly to more open markets like Hong Kong or Dubai?
Q4: What is my opinion?
I believe that the current round of regulatory tightening in Singapore is an inevitable industry test. Web3 entrepreneurs need to have a global perspective and prepare for compliance in multiple regions in advance. For retail investors, instead of rushing to follow the 'retreat' concept, they can focus on: who can stand out in this regulatory reshuffle.
