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The Monetary Authority of Singapore strengthens regulation of encryption transactions and raises the approval standards for DTSP licenses.
Gate News bot message, the Monetary Authority of Singapore recently issued an announcement to strengthen the regulation of Crypto Assets trading, aiming to combat financial crimes related to Crypto Assets. The agency also adjusted the issuance standards for DTSP licenses and stated that it will strictly control the distribution of such licenses in the future.
According to reports, the final policy document released by the Monetary Authority of Singapore on May 30, 2025, clearly stipulates that all crypto service providers registered or operating in Singapore must cease providing Crypto Assets services to overseas customers by June 30, 2025, unless they have obtained a DTSP license. There is no transition period for this policy, and non-compliant institutions will face legal sanctions.