Singapore tightens regulation measures on Crypto Assets trading

On July 1, the Monetary Authority of Singapore announced last month that starting June 30, digital token service providers serving only overseas customers must obtain a license from the authority to continue operating in Singapore; otherwise, they must shut down their trading platforms. On June 30, the authority issued a supplementary statement, stating that it "has raised the threshold for issuing licenses and will generally not issue such licenses." #新加坡