Singapore MAS Q&A Explanation: Will unlicensed cryptocurrency companies be ordered to cease operations? 》The Monetary Authority of Singapore (MAS) will officially implement the Financial Services and Markets Act (FSMA) on June 30, 2025, imposing strict regulatory requirements on digital token service providers (DTSPs), including mandatory licensing, a capital threshold of SGD 250000, a licensing fee of SGD 10000, technology risk management, anti money laundering, and customer due diligence. Those who do not obtain a license will be ordered to cease operations. MAS explicitly states that even if a company is only registered or has executives in Singapore, it still needs to hold a license if it actually provides digital asset services. At the same time, it is emphasized that there is no transition period, and those who do not comply must cease operations. MAS did not make any concessions to the feedback from enterprises regarding applications for extension and cost reduction. It is recommended that enterprises evaluate business compliance as soon as possible and apply in a timely manner. read the whole passage: https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=47&id=43761