Has anyone noticed the latest Digital Token Service Provider regulations released by the Monetary Authority of Singapore (MAS) on May 30th, 2025?
It seems that in the future, as long as the core members of the project team reside in Singapore (holding citizenship or various work visas), any issuance of tokens, even if the issuing entity is offshore in the Cayman Islands or Switzerland, will require compliance.
They have also begun to implement far-reaching management.
Details: https://www.mas.gov.sg/-/media/response-to-feedback-received-from-dtsp-cp.pdf