【Singapore's Regulatory Crackdown, Major Restructuring in the Crypto Space】

Starting June 30, the Monetary Authority of Singapore officially tightened its crypto policies—unlicensed platforms providing services to overseas users are now illegal, increasing the chill in the crypto space. Many project teams are swiftly relocating, with funds and teams hastening to move to Dubai and Hong Kong.

Core of the Policy: Licensing thresholds have soared: deposits start at 250,000 SGD, effectively sentencing small exchanges to death.

Comprehensive KYC tracking: Transfers over 1,000 SGD will trigger automatic alerts, and anonymous transactions are now off the table.

DeFi is also restricted: Unauthorized contracts are directly classified as illegal, stifling innovation.

Background Interpretation: Following Temasek's losses from FTX, Singapore has accelerated the tightening of policies to eliminate any space for "regulatory arbitrage." Once a "compliance paradise," it has now transformed into a high-pressure zone.

Chain Reaction: Small platforms face significant risk of liquidation, asset safety must be prepared in advance; Chinese projects are fleeing rapidly, traditional shell company strategies are failing; Hong Kong and Dubai may become the next hubs, and the regulatory game has just begun.

Summary: This is not just a storm, but a signal of a new cycle. Those who can seize opportunities under the new policies will survive. Don't wait and see; proactive adjustments are the path to the future. #TRUMP #DOGE #xrp #PEPE‏ #sui $SUI $TRUMP $DOGE