TechFlow news, on June 6, according to an announcement by the Monetary Authority of Singapore (MAS), MAS has clarified the scope of application for its regulatory regime for digital token service providers (DTSPs). From June 30, 2025, DTSPs that only provide digital payment tokens and capital markets products token services to customers outside Singapore will be required to obtain a license. MAS stated it will set high standards for licensing and generally will not grant licenses.
The announcement noted that providers already offering digital payment tokens or capital markets products token services to Singapore-based customers are already regulated under current regulations, and these licensed providers may continue to serve overseas customers. Providers offering services solely related to utility and governance tokens are not subject to the new regulatory regime.
MAS emphasized that due to high-risk factors, existing DTSPs serving only overseas customers must cease relevant activities when the new regime takes effect. Affected parties may contact MAS via email to discuss plans for orderly cessation of operations.
