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According to BlockBeats, Singapore's regulatory authorities have issued a final warning to major cryptocurrency exchanges operating without local licenses, urging them to exit the market promptly. This development follows a report by Bloomberg citing informed sources.On May 30, the Monetary Authority of Singapore (MAS) announced that crypto firms with a physical presence in Singapore but offering offshore services must cease operations by June 30, with no transition period allowed. This directive affects all front-office functions, including sales. An MAS spokesperson clarified that this move is an extension of the Financial Services and Markets Act of 2022 and impacts only a 'very small number' of companies.Industry experts have highlighted that the new regulations underscore the challenges faced by crypto firms regarding unclear headquarters locations. Legal professionals warn that companies using Singapore-based teams to support offshore activities, where service definitions are ambiguous, may face individual scrutiny.