Monetary Authority of Singapore: Unlicensed crypto service providers must cease operations by the end of this month

ChainCatcher news, the Monetary Authority of Singapore (MAS) released the final policy document on May 30, 2025. It stipulates that all cryptocurrency service providers registered or operating in Singapore must cease providing cryptocurrency services to overseas customers by June 30, 2025, if they have not obtained a DTSP license.

MAS emphasized that there will be no transition period, and violators will face penalties under the law.