Singapore to Cease Unlicensed Crypto Services by June 2025
- All cryptocurrency services in Singapore must secure a license by June 30, 2025.
- The Monetary Authority of Singapore (MAS) has implemented strict regulations with no transitional period.
- Licensing requirements do not apply to remote workers for companies registered overseas.
- Only 33 companies currently hold the necessary licenses, including Coinbase and Circle.
By June 30, 2025, all crypto services in Singapore must be licensed, affecting numerous Digital Token Service Providers. Currently, only 33 companies meet these stringent requirements set by MAS.
Source (2.6)https://hodl.press/unlicensed-crypto-services-to-cease-in-singapore-by-june-30/?rand=24434
