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Posted: 2025-06-02 14:50:29 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-02 14:50:47 UTC
Verified By
Rollup News
The Monetary Authority of Singapore (MAS) has mandated that local crypto firms must cease their overseas operations by June 30, or they will face penalties including fines up to $200,000 and potential imprisonment.
Singapore's crypto firms
Overseas operations
Regulatory compliance
Financial penalties
Compliance with new regulations
Potential financial losses due to fines
Risk of imprisonment for non-compliance
Operational adjustments