SINGAPORE'S NEW CRYPTO REGULATIONS EXPLAINED

Summary from the TLDR Crypto newsletter

Singapore has a strict new licensing regime for Digital Token Service Providers (DTSPs) that requires any crypto-related activity “in or from” the country to be licensed regardless of whether services target local or foreign users. The sweeping rules cover nearly all crypto functions, from custody and trading to staking and token issuance, with no transitional period and a low approval rate. While licensed firms like Coinbase and OKX may benefit, unlicensed projects and solo builders face immediate regulatory risk triggering concerns of a Web3 exodus to jurisdictions like Hong Kong and Dubai.