According to Bloomberg, Foresight News reports that Singapore's regulatory authorities are urging unlicensed cryptocurrency trading platforms to exit the country's operations as soon as possible. A spokesperson for the Monetary Authority of Singapore stated, "This move should not come as a surprise to the industry, as we have expressed our stance on such service providers on various occasions. Licensed entities will not be affected by the new regulations."
In a previous Foresight News report, the Monetary Authority of Singapore (MAS) issued a final policy document on May 30, 2025. It stipulates that all cryptocurrency service providers registered or operating in Singapore must cease providing cryptocurrency services to overseas customers by June 30, 2025, if they have not obtained a DTSP license. MAS emphasized that there will be no transition period, and those who violate the regulations will face legal penalties.
