#交易对 The Monetary Authority of Singapore (MAS) clarifies the applicability of the Digital Token Service Provider (DTSP) regime. Starting from June 30, 2025, DTSPs that provide digital payment tokens and capital market product tokens services solely to overseas customers will need to be licensed. The licensing standards set by MAS are high, and the money laundering risks associated with such businesses are significant, as the main regulatory activities occur outside of Singapore, making it difficult for MAS to effectively regulate them. Those without a license will cease to be regulated.

Providers serving Singapore customers are already regulated, their scope of business remains unchanged, and they can provide services to overseas customers. Service providers related to utility tokens and governance tokens are not affected by the new regime. MAS has consistently communicated its position since February 2022 and has engaged with potentially affected parties, and the number of such providers is very limited.