Story Highlights* Singapore’s MAS has enforced a strict June 30 deadline for all unlicensed crypto firms operating from its territory.* The new rules target even offshore-facing firms and freelancers working from Singapore, with no transition period allowed.* Compliance requires licensing, customer re-onboarding, SGD 250K capital, and adherence to FATF and tech risk standards.
Singapore Cracks Down: Crypto Firms Must Get Licensed by June 30 or Shut Down
Story Highlights* Singapore’s MAS has enforced a strict June 30 deadline for all unlicensed crypto firms operating from its territory.