23.06.2025 03:10

Singapore's Monetary Authority (MAS) has implemented a firm deadline requiring all Singapore-based entities offering digital token services to overseas clients to obtain a Digital Token Service Provider (DTSP) license by June 30, 2025. Failure to secure this license will necessitate the immediate cessation of all cross-border digital asset activities.


No exceptions will be made; the MAS has explicitly ruled out any extensions, grace periods, or transitional arrangements. This mandate applies unequivocally to all firms providing such services, irrespective of the scale of their international operations or the proportion of revenue derived from overseas clients. Even businesses with minimal international engagement are subject to this regulation.


This stringent regulatory measure aims to close a significant loophole, preventing Singapore-based crypto firms from circumventing stricter regulatory frameworks in other jurisdictions. The MAS has intentionally broadened the scope of the DTSP definition to encompass a wide range of businesses.


This includes, but is not limited to, centralized cryptocurrency exchanges, decentralized finance platforms, digital wallet providers, token issuers, and even non-crypto companies offering token-related services to international customers. The new rules leave no ambiguity; any firm facilitating token-based services abroad, regardless of size or organizational structure, falls under the DTSP licensing requirement. The MAS’s goal is clear: enhanced oversight of Singapore-based digital token service providers operating internationally.