Singapore Cracks Down on Unlicensed Crypto Firms with Strict New Rules

Jun 03 2025 crypto


Bybit Gets Green Light to Operate in EU Under New Crypto Rules

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Singapore’s financial authority announces that unlicensed crypto firms operating overseas after June 30 will be ceased.  The Monetary Authority of Singapore (MAS) stated that local crypto providers, which offer digital tokens abroad, will be stopped under its Financial Services and Markets Act of 2022 (FSM Act).  Singapore enforces strict regulations for unlicensed crypto providers  MAS …