MAS Tightens Rules for Offshore Crypto Firms

[cryptoenthusiast]

Singapore’s Monetary Authority (MAS) continues to refine its digital asset regulations.
A directive issued on May 30, 2024, ordered crypto service providers operating abroad to obtain a local license or cease operations.

The move reinforces Singapore’s role as a global leader in compliant crypto growth, ensuring firms maintain transparency while expanding internationally.

Industry analysts say MAS’s proactive stance sets the global benchmark for stablecoin oversight and cross-border compliance.

[EmTeam]

Singapore wants clean capital flow — compliance is the new edge. 🧠

[jacson4]

Regulation may slow entry, but it builds long-term credibility. ️