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Singapore MAS Halts New Crypto Licenses, Enforces Strict Compliance Rules

Singapore's Monetary Authority (MAS) has halted new crypto licenses, enforcing strict rules on capital, compliance, and consumer protection. Only a handful of firms remain licensed after the June 2025 deadline. The strict approach contrasts with Hong Kong's more active licensing regime.

High impact🇸🇬 SingaporeLicensingRegulationBTCETH

APAC FINSTAB analysis

For APAC operators, this creates a high-impact signal around licensing, regulation in Singapore. Protocols/assets in scope: BTC, ETH. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

View related Licensing tracker page →

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High impact🇨🇳 ChinaRegulationAMLEnforcement
APAC FINSTAB analysis → Original source ↗

FCA Consults On DeFi Guidance For Regulated Firms

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High impact🇬🇧 United KingdomRegulationAMLDeFi
APAC FINSTAB analysis → Original source ↗