Singapore Crypto Licensing Deadline: What It Means for the Industry and Where Firms Are Heading
July 5, 2025
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Singapore’s reputation as a crypto-friendly hub is facing a new reality. As of June 30, 2025, every crypto firm based in Singapore—even those serving only foreign clients—must hold a Digital Token Service Provider (DTSP) license under the Financial Services and Markets Act (FSM Act). The Monetary Authority of Singapore (MAS)
