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A regulatory storm is hitting Singapore! 🌪️ The deadline of June 30 has passed, and the rules of the game have completely changed.
The MAS has tightened its grip, raising the threshold for DTSP licenses to the maximum, basically not issuing new licenses anymore🔒.
Objective: Accurately targeting cryptocurrency financial crimes. The overseas operations of unlicensed institutions have been completely suspended 🛑.
What does this mean? The value of compliance licenses in Singapore has soared, becoming an extremely scarce resource. As the waves wash away the sand, the moat for licensed institutions has deepened. A new era of high standards has begun!
#新加坡 # MAS #Crypto Regulation