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Singapore’s New Rules Threaten Crypto Founders With Jail and $200K Fines
Singapore has issued a hard deadline for crypto companies operating from its jurisdiction to stop serving overseas clients unless they secure a license under new rules taking effect at the end of June. The Monetary Authority of Singapore (MAS) has made clear that no grace period, transition plan, or extension will be offered, firms must comply or shut down. From June 30, any company, partnership, or sole proprietor incorporated in Singapore that offers digital token services to clients outside the country must hold a Digital Token Service Provider (DTSP) license under the Financial Services and Markets Act 2022. The ... (full story)
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From @realDonaldTrump|Jun 23, 2025|27 comments
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