MAS Clarifies Rules for Crypto Service Providers With 30 June Deadline Looming
The Monetary Authority of Singapore (MAS) has provided clarification on the scope of its regulatory regime for Digital Token Service Providers (DTSPs).
The announcement follows the authority’s 30 May response to feedback on its consultation paper on the Proposed Regulatory Approach, Regulations, Notices and Guidelines for DTSPs under the Financial Services and Markets Act 2022.
From 30 June 2025, providers of digital token services involving digital payment tokens or capital market product tokens that cater exclusively to customers outside of Singapore will need to be licensed.
MAS has set a high standard for licensing and stated it will generally not grant…
