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bro, Singapore cracking down on crypto companies โ you either get licensed or GTFO by June 30, 2025 ๐จ๐คก regulators out here makin’ moves! ๐๐ฅ #SingaporeCrypto #Regulations
singapore crackin’ down on crypto companies like it’s the purge, gotta have a physical presence by 2025 or you outta luck, hide yo offshore hustle MAS coming for ya! ๐จ๐
singapore tightening the screws on crypto companies…get that license or get outta here by 2025, it’s FOMO compliance time! ๐ฅ๐๐ค #MAS #CryptoRegulation #SingaporeCrypto
The Singapore Monetary Authority (MAS) has announced new regulations impacting companies operating within the country. These companies must either obtain a license or cease operations by June 30, 2025. MAS aims to distinguish between service providers catering to Singapore’s market and those targeting offshore customers, overseeing them under different laws to ensure effective supervision. MAS emphasizes the importance of companies having a physical presence in Singapore to ensure regulatory compliance and discourage tax-motivated registrations without substantive operations in the country.
https://altcoin.observer/singapore-incorporated-companies-targeting-crypto-offshore-customers-must-obtain-a-license-or-leave-ledger-insights/
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