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Singapore has ordered unlicensed crypto firms to cease serving overseas customers, signaling a stricter regulatory stance. The move aligns with global efforts to combat financial crimes while maintaining compliance standards.
- MAS mandates unlicensed crypto firms to halt overseas services by May 30.
- Singapore's move aligns with global anti-money laundering and terrorism financing efforts.
- The directive reinforces regulatory consistency rather than a sudden policy shift.
📎 Related coverage from: cointelegraph.com
Other Tags: Blockchain, Monetary Authority of Singapore (MAS)