Singapore Strengthens Crypto Rules to Fight Financial Crime
As reported by Foresight News, Singapore’s central bank, the Monetary Authority of Singapore (MAS), has introduced stricter regulations on cryptocurrency activities to tackle issues like money laundering. MAS has also made it harder to obtain a Digital Token Service Provider (DTSP) license, stating that such approvals will now rarely be given.
Earlier, on May 30, 2025, MAS released its final policy document, requiring all crypto service providers in Singapore to stop offering services to foreign clients by June 30, 2025, unless they hold a valid DTSP license. The authority clearly stated that there will be no grace period, and those who fail to comply will face legal consequences.#BTC110KToday? #BinanceAlphaAlert #Singapore #news_update #DTSP