Brothers, Singapore has truly dropped a nuclear bomb on the cryptocurrency circle this time! MAS (Monetary Authority of Singapore) suddenly went berserk; starting June 30, all unlicensed exchanges will be shut down, and even 'providing services to overseas users' is deemed illegal! This operation directly broke the defenses of Chinese investors—just yesterday they were drinking champagne at the Marina Bay Sands, and today they have to pack up and flee to Dubai!
Let's take a bloody example:
A certain USTC team was still boasting in the group last week about 'Singapore's compliance as a shield', but as soon as the new regulations came out, the boss disbanded the Telegram group overnight and slipped away without even shutting down the office computer. Leaving retail investors crying out for help in front of the plummeting K-line: 'What happened to the promised Web3 utopia?'
Three major killer moves of the new regulations:
License Great Escape: The threshold for obtaining a license is now absurdly high—250,000 SGD deposit + 10,000 USD annual fee + independent compliance team. Small firms are directly finished, while Binance and Coinbase wake up laughing: 'Thanks to MAS for clearing the field!'
KYC Hell Mode: On-chain transfers over 1,000 SGD (about 5,000 RMB) will trigger alarms, and anonymous transactions are completely dead. OTC traders are frantically selling USDT, and the exchange rate plummets by 3% in an instant!
DeFi Sniper War: Even 'unauthorized smart contracts' are considered illegal! Vitalik looked at it and shook his head: 'Is this directly putting handcuffs on the code?'
Chronicle of the Chinese Investors' Doom:
2017-2022 Golden Age: Register a shell company in Singapore, publish a Chinese white paper, block local IPs, and you can 'legally' harvest global investors.
2025 Current World Report: Temasek was scammed by FTX for 275 million dollars, the government is completely furious: 'Are you treating Singapore as a fraud base? Get the hell out!'
Industry Earthquake Warning:
Good news: Hong Kong seizes the opportunity to attract talent, issuing 'crypto entrepreneur visas' overnight; Dubai is rapidly issuing licenses, and Chinese capital is collectively relocating.
Bad news: Small firms could flee at any time (withdraw your funds quickly!), Singapore's physical accounts have become landmines (hurry to cancel!), and air coin projects are directly collapsing by 90%!
[Survival Guide for Investors]
Withdraw funds immediately: Small firms might disappear tomorrow; don't be the last one holding the bag!
Cut ties with Singapore: Cancel company accounts, transfer servers, don’t wait for MAS to settle scores later.
Keep a close eye on Hong Kong/Dubai: The policy window is only a few months long; missing this wave will truly leave you in the lurch!
Blindly going solo will never bring opportunities; follow me for the tenfold potential coins! Top-tier primary resources!