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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
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The Monetary Authority of Singapore has announced regulatory guidelines for digital token services.
Gate News bot message, the Monetary Authority of Singapore (MAS) announced that the Financial Services and Markets Act (FSMA) will officially take effect on June 30, 2025. According to the new regulations, Digital Token Service Providers (DTSP) must meet several specific requirements: they must obtain a license, have a capital of 250,000 Singapore dollars, pay a license fee of 10,000 Singapore dollars, and implement measures such as technology risk management, anti-money laundering, and customer due diligence. MAS clarified that any company registered in Singapore or having executives and engaged in digital asset services must apply for a license. In addition, MAS clearly stated that there is no transition period for this policy, and companies that do not obtain a license must immediately cease operations. Regarding companies' requests for an extension of the application deadline and a reduction in fees, MAS did not make any concessions and suggested that companies conduct compliance assessments and applications as soon as possible.
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