Monetary Authority of Singapore: Tighten regulatory measures for crypto transactions to curb financial crimes such as cryptocurrency laundering

According to Foresight News, the Monetary Authority of Singapore issued a statement saying it will tighten regulatory measures for crypto transactions to curb financial crimes such as money laundering using cryptocurrency. In addition, it has raised the threshold for issuing DTSP licenses, and under normal circumstances will not be issued such licenses.

Foresight News Previous news, the Monetary Authority of Singapore issued the final policy document on May 30, 2025. It stipulates that all crypto service providers registered or operated in Singapore must stop providing cryptocurrency services to overseas customers before June 30, 2025 if they do not obtain a DTSP license. MAS emphasized that if there is no transition period, violators will face penalties in accordance with the law.

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