Singapore New Crypto Rules: $200K Fines, Jail Risk
Singapore crypto regulations and the June 30 deadline
The Monetary Authority of Singapore (MAS) has delivered a clear mandate that all Singapore-based entities offering digital token services to overseas clients must obtain a DTSP licence or halt cross-border operations immediately.
As of June 30, 2025, any entity incorporated in Singapore — whether a company, partnership, or individual — that provides digital token services to overseas clients must either:
- Obtain a Digital Token Service Provider (DTSP) licence under the Financial Services and Markets (FSM) Act 2022, or
- Immediately cease operations involving foreign markets.
This directive leaves no room for interpretation. MAS has…
