来源：加密肥猫大壮公众号
新加坡金管局（MAS）在2025年5月30日扔了个大炸弹，发布了DTSP（数字代币服务提供商）新规的回应文件，6月30日就正式开干，压根没给缓冲期！这波操作直接让整个亚洲Web3圈炸了锅，很多人还没反应过来，这政策可能要彻底改变行业格局。简单说，新加坡这波是要把没牌照的Web3玩家全“轰出去”，曾经的“亚洲加密天堂”可能要说拜拜了！
曾经的辉煌：Web3的天堂
回想2021年，那会儿新加坡可是Web3创业者的“梦中情地”。中国禁了加密货币，美国SEC到处找茬，新加坡却敞开大门欢迎大家。像Three Arrows Capital、Alameda Research、FTX亚洲总部这些大玩家都跑来这儿落户。为啥？0%的资本利得税，加上MAS当时“拥抱创新”的态度，简直是监管套利的宝地！在新加坡注册个公司，就能合法合规地服务全球用户，还能背靠新加坡金融中心的招牌，Web3从业者都挤破头想来。
新规来了：没牌照？别想在这混！
现在，MAS直接翻脸，DTSP新规把监管大门“砰”地关上了。核心就一句话：没牌照的，甭管你是谁，统统别想在新加坡搞数字代币业务！
啥叫DTSP？简单讲，就是任何跟数字代币（比如加密货币）相关的服务提供商，分两类：
在新加坡有“营业场所”的个人或公司；
在新加坡注册的公司，哪怕业务在海外。
这定义听起来简单，但“营业场所”这词儿可藏着刀！MAS说，营业场所是“任何用于开展业务的地点”，包括路边摊这种移动场所！换句话说，只要你在新加坡的任何地方（哪怕是家里的沙发）搞跟数字代币相关的业务，没牌照就违法！不管你是服务本地还是海外客户，都得守这规矩。
居家办公算不算犯法？
这问题让好多人心慌。Baker McKenzie律所专门问MAS：“现在远程办公这么普遍，在家给海外公司干活算不算违规？”MAS的回答挺冷酷：如果你在新加坡的任何地方（包括家里）给海外客户提供数字代币服务，没牌照就得申请一个！不过，他们也留了条小缝：如果你是海外公司的员工，单纯在家办公，算你老板的事，不用你个人申请牌照。但要是你在共享办公空间或者别人办公室干活，那就可能被抓。问题来了：谁算“员工”？创始人算不算？持股的算不算？MAS说了算，模糊得让人抓狂！
连KOL都跑不了？
更夸张的是，MAS对“数字代币服务”的定义广得离谱，连发个研究报告、写篇分析文章都可能被算进去！比如，你是个KOL，在新加坡发了个帖子分析某个代币的投资价值，理论上没牌照也可能违法！
Blockchain Association of Singapore直接问MAS：“传统研究报告算不算？咋区分？”MAS没给明确答案，搞得内容创作者都战战兢兢。
谁最危险？
这波新规，下面这些群体得小心了：
个人：独立开发者、项目顾问、做市商、矿工、KOL、社群运营、项目创始人、BD、销售……一个都跑不了。
机构：没牌照的交易所（CEX、DEX）、DeFi项目、NFT平台、加密钱包，统统高危。
结语：新加坡的“监管套利”时代结束了
MAS这次是动真格了，摆明了要把不合规的Web3玩家全清出去。什么豪华办公室、家里沙发，只要跟数字代币沾边，没牌照就别想干。而且“营业场所”“业务行为”这些定义模糊得要命，MAS很可能先抓几个典型“杀鸡儆猴”。
想临时抱佛脚拿牌照？难！MAS说了，牌照审批“极其谨慎”，基本没戏。新加坡的Web3黄金时代彻底凉了，接下来是大鱼吃小鱼的游戏。项目方和机构现在想的不是“留不留”，而是“啥时候撤”和“去哪儿”。
总结一下：
新加坡从Web3的“友好天堂”变成了“监管铁拳”，新规6月30日生效，没牌照的别想在这混，连KOL发个分析帖都可能踩雷。居家办公可能有豁免，但定义模糊，MAS说了算。Web3玩家们，赶紧想想退路吧！
资料来源：
https://www.mas.gov.sg/publications/consultations/2024/consult-paper-dtsp
Taobao's English version has skyrocketed to the top of Singapore's App Store due to its advanced AI translation, improving accessibility for non-Chinese speakers. The app's new features include SGD price conversion and promotional offers, leading to a surge in user engagement and positive feedback.
AnaisTrump announced the launch of his family's new financial project, World Liberty Financial, on September 18, emphasizing that he would leave the slow and outdated big banks behind.
AlexTrump's personal net worth has shrunk to less than $4.7 billion, falling out of the top 500 richest people in the world. After his chances of winning the US election were surpassed by Harris and he lost in the debate, the MAGA meme coin plummeted by more than 20% in a single week.
MiyukiTaiwan's use of AI for tracking tropical storm Bebinca is proving highly effective, surpassing traditional methods in accuracy. The AI models, which also excelled with Typhoon Gaemi earlier this year, are revolutionizing typhoon prediction and response.
WeatherlyBinance executive Gambayan has been detained in Nigeria since February, and the U.S. ambassador has met with the Nigerian presidential cabinet, but the country insists that this will only happen after the trial.
WeiliangAlexAlexMiyukiJustin Bons, founder of Cyber Capital, has accused Tether of being a massive fraud, claiming it has not provided any legitimate proof of reserves or undergone a proper audit since 2021. Bons warns that Tether’s lack of transparency and its connections to controversial figures and activities pose a significant risk to the entire crypto market.
WeatherlyHadsel, Norway, faces a 20% increase in electricity costs after shutting down the Stokmarknes Datasenter Bitcoin mining facility, which previously consumed a significant amount of local power. The closure, driven by noise complaints, has left Noranett to pass the financial burden onto residents, highlighting tensions between local concerns and the economic benefits of Bitcoin mining.
Weatherly