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Crypto Firms Warned: DTSP License Rules in Singapore

Crypto Firms Warned: DTSP License Rules in Singapore

CoinomediaCoinomedia2025/06/24 14:24
By:Aurelien SageAurelien Sage

Singapore enforces DTSP licensing for crypto firms serving overseas clients starting June 30, 2025—new compliance deadline alerts industry.What Firms Need to DoImpacts Beyond Licensing

  • Singapore crypto firms must obtain DTSP licenses by June 30, 2025
  • International services without license must stop post-deadline
  • Industry urged to accelerate compliance and adapt systems

As of June 30, 2025, Singapore-based crypto entities that serve clients overseas must hold a Singapore DTSP license, or they’ll have to halt cross-border operations. This regulatory update underscores Singapore’s push for stronger oversight of crypto activities involving international clients. Firms without the required license by the deadline are expected to withdraw services targeting foreign users.

What Firms Need to Do

Registered entities should begin preparations now:

  1. Review current cross-border service offerings
  2. Submit DTSP license applications well before June
  3. Adjust operations to block international access until licensed

Authorities in Singapore, known for strict AML and compliance frameworks, are reinforcing these expectations. Any non-compliant activity post-deadline may lead to enforcement actions and reputational harm.

🇸🇬 INSIGHT: Starting June 30, 2025, Singapore-based crypto entities serving overseas clients must obtain DTSP licenses or cease cross-border operations entirely. pic.twitter.com/w1COhdzuxV

— Cointelegraph (@Cointelegraph) June 24, 2025

Impacts Beyond Licensing

Beyond securing the license, firms must:

  • Implement enhanced client due diligence
  • Boost AML and CFT systems
  • Upgrade reporting mechanisms
  • Educate staff on cross-border risk compliance

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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