Singapore’s New Licensing Rules Could Impact Bitcoin Firms and Market Operations by 2025
The post Singapore’s New Licensing Rules Could Impact Bitcoin Firms and Market Operations by 2025 appeared on BitcoinEthereumNews.com.
Singapore’s Monetary Authority has introduced a stringent licensing requirement for all blockchain firms, marking a pivotal shift in the region’s crypto regulatory framework. This mandate compels Digital Token Service Providers to obtain official licenses by mid-2025, with non-compliance resulting in severe penalties including fines and imprisonment. According to COINOTAG, “All crypto firms, including those operating globally from Singapore, must secure an MAS DTSP License 2025 by June 30, 2025. Unlicensed operations face SGD 250,000 fines or three years’ imprisonment.” Singapore’s new MAS licensing rules for blockchain firms enforce strict compliance by 2025, impacting crypto operations and prompting strategic shifts in the industry. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Singapore’s MAS Licensing Mandate Reshapes Blockchain Industry Compliance The Monetary Authority of Singapore (MAS) has mandated that all blockchain firms operating within its jurisdiction must obtain a Digital Token Service Provider (DTSP) license by June 30, 2025. This regulatory development represents a significant tightening of oversight aimed at enhancing transparency and mitigating risks associated with digital token services. The licensing framework applies broadly to exchanges, trading desks, and other entities facilitating digital token transactions, signaling MAS’s commitment to robust governance in the crypto sector. Operational and Financial Impact on Blockchain Firms Blockchain companies in Singapore are now facing increased operational costs due to the licensing requirements, which include compliance with anti-money laundering (AML) standards and capital reserve mandates. These…
Filed under: News - @ June 7, 2025 2:28 am