Singapore Mandates Crypto Firms to Secure Licenses or Exit – Coincu

The Monetary Authority of Singapore (MAS) announced that crypto trading platforms must secure a MAS DTSP license by June 30, 2025, or cease Singapore operations. This measure targets companies based in Singapore running offshore functions without proper licensing. Previously, such firms benefited from regulatory ambiguities concerning their headquarters’ locations.

Immediate implications involve existing operations of unlicensed crypto firms, compelling them to either secure licensure or exit the market promptly. Those failing to comply will face penalties, including fines up to SGD 250,000 or three years of imprisonment. This rule impacts centralized exchanges and DeFi protocols with Singapore-tied operations.

Singapore Sets June 2025 Deadline for Crypto Licenses

The Monetary Authority of Singapore (MAS) announced that crypto trading platforms must secure a MAS DTSP license by June 30, 2025, or cease Singapore operations.

Immediate implications involve existing operations of unlicensed crypto firms, compelling them to either secure licensure or exit the market promptly.

“The current directive is an extension of Singapore’s 2022 Financial Services and Markets Act, explicitly targeting offshore activities.” – Monetary Authority of Singapore (MAS), Official Guidance

Global Ripple Effects of Singapore’s Licensing Mandate

Did you know? Singapore has been a leading hub for cryptocurrency innovation and regulation in Asia.

According to CoinMarketCap, Bitcoin (BTC) trades at $108,473.23 with a market cap of $2.16 trillion. Despite a 1.05% drop in the last 24 hours, BTC shows a 33.22% increase over 90 days, indicating robust market resilience.

The Coincu research team anticipates potential increase in crypto firm relocations from Singapore, enhancing regulatory transparency globally.