Singapore has set strict deadlines for unlicensed crypto companies

• Singapore requires that all licensed crypto companies cease services to overseas clients by June 30, 2025, and no transition period is permitted.
• Businesses must meet strict DTSP licensing standards, including local leadership and compliance, to remain legally open in Singapore.

Singapore has no longer room for local crypto companies that do not have official permission. The Singapore Monetary Authority (MAS) has stated that from June 30, 2025, all local crypto entities without a digital token service provider (DTSP) must cease providing services to overseas clients. There is no transition period. There are no exceptions. Sanctions await you for the stubborn.

Strict rules await crypto companies serving overseas from Singapore

The regulations cover companies that operate in Singapore but provide services to overseas users without the legality recognized by the authorities. Mass said it would only grant DTSP licenses under limited conditions, considering the potential risks of money laundering and terrorist financing from unsupervised cross-border business models.

For businesses that want to continue operating legally, they must meet many standards, ranging from a minimum capital of $250,000 to a strong compliance structure. Oh, it’s also a must-have for an executive director who lives in Singapore.

Tight grips don’t mean the industry is losing steam

However, the tough moves at MAS do not indicate a retreat that supports the digital asset industry. In March, Singapore Exchange (SGX) will be using XRP, which will release Bitcoin Perpetual Futures products in the second half of 2025. target? Institutional investors. With over 1,600 blockchain patents filed and 81 active crypto exchanges, Singapore is already the global innovation hub for the sector.

Furthermore, LegalBison data on May 29 revealed that Singapore is the world’s leading crypto jobs per capita. With a position of 68.68 in the sector per million, Singapore is far ahead of countries like Luxembourg, which only recorded 37.82.

Its human resources are also growing in over 700 web 3 companies headquartered in an island nation. Despite its harsh ecosystem, it is safe to say that it remains a favorite of many digital talents.

Not only that, a survey by Independent Reserve on May 24 showed that the increase in XRP adoption in Singapore increased from 14% to 17%. Ripple’s Stablecoin RLUSD has reached a market capitalization of $310 million. Another interesting fact is that 94% of respondents in this country are familiar with at least one cryptocurrency.

In this development, foreign companies are focusing on Singapore as the basis for their expansion. For example, US crypto broker Falconx announced a strategic partnership with Major Bank Standard, which was chartered on May 14th.

The collaboration combines the strength of Falconx’s institutional services with standard chartered banking and forex systems. Interestingly, the project began in Singapore and was taken to Asia, the Middle East and the United States.