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Singapore's MAS Enforces Strict Crypto Licensing to Halt Cross-Border Services

Singapore's Monetary Authority (MAS) has issued a directive requiring all domestic cryptocurrency companies lacking a DTSP license to cease providing services to international clients by June 30, 2025, and explicitly stated that there will be no grace period for this transition. Companies that fail to comply with this regulation will face penalties.
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AI Analysis

The decision by Singapore's MAS to require all local crypto firms to cease serving overseas clients unless they hold a DTSP license indicates a significant tightening of regulatory oversight. This mov...

AI Recommendation

For crypto firms operating in Singapore, immediate action is necessary to evaluate their licensing status and prepare for the June 30, 2025 deadline. Firms should prioritize applying for a DTSP licens...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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