Singapore Tightens Crypto Regulations in 2025 to Bolster Security and Investor Confidence
Singapore solidifies its position as a cryptocurrency hub with enhanced regulatory measures in 2025. The Monetary Authority of Singapore (MAS) mandates licensing for all digital token service providers (DTSPs) under the Financial Services and Markets Act 2022 (FSMA), targeting cross-border crypto firms. Non-compliance risks fines up to SGD 250,000 or imprisonment.
New consumer protection rules, effective June 2025, aim to safeguard retail investors and curb money laundering. The framework prioritizes transparency, requiring crypto exchanges and payment token services to adhere to stricter operational standards. MAS emphasizes these steps will foster long-term market stability.