Singapore to Jail Unlicensed Crypto Firms, Impose $200K Fine

Story Highlights* Singapore's MAS mandates crypto firms to stop overseas services by June 30, 2025, unless licensed—noncompliance risks fines and jail time.

  • Under the FSM Act, crypto firms must meet strict AML/CFT rules or face $200K fines and 3 years in jail; no grace period, no regulatory loopholes.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)