- Singapore MAS sets new licensing standards for DTSPs serving overseas clients.
- Authorities will generally not issue licenses after June 2025.
- Existing overseas-focused DTSPs must cease operations or face penalties.
Singapore’s Monetary Authority (MAS) has clarified new licensing standards for Digital Token Service Providers (DTSPs), effective June 30, 2025. DTSPs targeting only international clients must obtain a license or terminate activities by this deadline due to regulatory updates. These changes impact crypto providers based in Singapore servicing overseas customers. Utility and governance tokens remain unaffected. Market responses have been limited, with no official statements from MAS leaders or prominent figures in the crypto industry.
The Monetary Authority of Singapore has laid down new regulatory standards, effective from June 30, 2025, targeting providers involved with digital payment and capital markets product tokens for overseas clients. Despite high licensing criteria, MAS states licenses will be rare. Service providers focusing solely on international customers must cease operations or risk substantial penalties. While there are no significant public reactions from top executives or crypto associations, the industry anticipates increased compliance costs.
Regulatory Amendments May Reshape Singapore’s Crypto Market
According to CoinMarketCap, Bitcoin’s current price is $104,440.74, with a market cap of $2.08 trillion. It holds a market dominance of 63.72%. Recent price changes include a 2.43% increase over 24 hours and a 21.48% rise over 90 days.
Analysts project potential shifts in Singapore’s crypto landscape, predicting that stricter regulations may incentivize firms to reevaluate operational geographies. Experts from the Coincu research team suggest this move could redirect market strategies among global crypto exchanges and projects.
MAS will set high standards for licensing and will generally not issue licenses. Providers who have served Singapore customers are already regulated under existing laws…providers that only offer services related to utility and governance tokens are not subject to the new regulatory framework. Existing DTSPs that only serve overseas customers must cease activities upon the framework’s effect. Affected parties should contact MAS to discuss orderly termination. — Monetary Authority of Singapore (MAS), Regulatory Authority
Market Data and Insights
Did you know? MAS’s recent framework aligns with broader global trends tightening crypto regulations, echoing measures from the UK’s FCA and US SEC.
According to CoinMarketCap, Bitcoin’s current price is $104,440.74, with a market cap of $2.08 trillion. It holds a market dominance of 63.72%. Recent price changes include a 2.43% increase over 24 hours and a 21.48% rise over 90 days.
Analysts project potential shifts in Singapore’s crypto landscape, predicting that stricter regulations may incentivize firms to reevaluate operational geographies. Experts from the Coincu research team suggest this move could redirect market strategies among global crypto exchanges and projects.
Source: https://coincu.com/341942-singapore-digital-token-licensing-2025/