Singapore Tells Crypto Firms to Halt Overseas Services by June 30

Singapore’s central bank has given local crypto firms until June 30 to stop providing digital token (DT) services to foreign markets or risk facing significant fines and regulatory action. The Monetary Authority of Singapore (MAS) announced penalties of nearly $200,000 as part of a new directive targeting Digital Token Service Providers (DTSPs). The move comes after the regulator reviewed public feedback on its proposed framework under the Financial Services and Markets Act (FSM Act). The MAS confirmed that no grace period will be offered to local DTSPs currently serving international clients source: https://news.shib.io/2025/06/03/singapore-tells-crypto-firms-to-halt-overseas-services-by-june-30/?utm_source=rss&utm_medium=rss&utm_campaign=singapore-tells-crypto-firms-to-halt-overseas-services-by-june-30