<ul><li>Singapore is cracking down on unlicensed Digital Token Service Providers (DTSPs) with a deadline set for 30 June 2025 for obtaining a license or ceasing services to overseas clients.</li><li>The Monetary Authority of Singapore announced that DTSPs must suspend services outside Singapore by the deadline, without any transition period.</li><li>The MAS has tightened regulations on crypto service providers following public consultations, requiring licenses for firms providing Digital Payment Token (DPT) services, particularly to overseas customers.</li><li>Crypto industry players have raised concerns about the short compliance deadline and suggested alternatives like grace periods or fast-track processes for simpler business models.</li></ul>

Singapore Sets 30 June Deadline For Digital Token Service Providers To Stop Serving Overseas Clients

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