According to Bloomberg, unlicensed exchanges such as Bitget and Bybit are considering withdrawing from Singapore and transferring employees to Dubai, Hong Kong, and other locations due to the Monetary Authority of Singapore (MAS) issuing an ultimatum on May 30th, requiring unlicensed cryptocurrency companies with operations in Singapore but providing services overseas to cease operations by June 30th. MAS stated that there will be no transition period and the issuance of new licenses will be extremely limited, which applies to Singaporean companies with front-end functions or overseas clients. Patrick Tan, the General Counsel of ChainArgos, stated that this move is "almost equivalent to withdrawal" and the industry is still intensively assessing compliance risks. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43876