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Wu Blockchain @WuBlockchain on x 539.8K followers
Created: 2025-06-12 00:53:02 UTC
According to Bloomberg, Singapore's MAS issued a final notice on May XX requiring unlicensed crypto firms serving overseas clients from Singapore to cease operations by June XX. Exchanges like Bitget and Bybit are considering exiting Singapore and relocating staff to Dubai or Hong Kong. MAS said no grace period will be given and new licenses will be extremely limited. The rule applies to firms with front-office functions or overseas clients.
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