Authors: Aiden and Jay Jo
Source: Tiger Research
Translated by: Blockchain Plain Language
Summary
Singapore has attracted numerous Web3 companies with its flexible regulatory environment, earning the nickname "Delaware of Asia". However, the proliferation of shell companies and the collapse of high-profile companies like Terraform Labs and 3AC have exposed regulatory loopholes.
In 2025, the Monetary Authority of Singapore (MAS) will implement the Digital Token Service Provider (DTSP) framework, requiring all companies providing digital asset services in Singapore to obtain a license, with mere company registration no longer sufficient for digital asset business.
Singapore continues to support innovation but significantly strengthens regulatory measures, with the government demanding greater accountability and compliance. Web3 companies in Singapore need to develop operational capabilities or consider relocating to other jurisdictions.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating into clear English.]
