🚫 Singapore is cracking down on crypto abroad!
The Monetary Authority of Singapore (MAS) has issued a directive: local crypto firms are prohibited from providing services with digital tokens (DT) overseas.
📆 By June 30, 2025, all DTSP companies from Singapore must: — either cease international operations,
— or obtain a rare license under strict AML controls.
💰 Violations will result in fines up to 250,000 SGD (~200,000 USD) and up to 3 years in prison.
📉 MAS fears that crypto firms are using the country as a "regulatory loophole," conducting unregulated activities abroad.
👨⚖️ Lawyers advise: restructure the business and sever ties with Singapore while there is still time.
🔥 This is just the beginning of a tough crackdown. The world of crypto is changing.
