The new regulations for digital Token services in Singapore are implemented today, and platforms without permission must withdraw.

Gate News bot message, On June 30, the Monetary Authority of Singapore (MAS) announced that the regulatory framework for Digital Token Service Providers (DTSPs) is officially in effect. According to the new regulations, starting from June 30, 2025, DTSPs providing digital payment token and capital market product token services to customers outside of Singapore must obtain a license. MAS emphasized that high standards for licensing requirements will be set, and licenses will generally not be issued.

Providers offering services to clients in Singapore are regulated by current laws, and these licensed institutions can also serve overseas clients. However, providers that only offer utility and governance token-related services are not bound by the new regulatory system.

It is worth noting that on June 12, Singapore’s regulators issued an ultimatum requiring major cryptocurrency exchanges operating in the country without a local license to exit the market as soon as possible.