dtsp

ChainCatcher news, according to the announcement from the Monetary Authority of Singapore (MAS), MAS has clarified the scope of the regulatory framework for Digital Token Service Providers (DTSPs). Starting from June 30, 2025, DTSPs that provide digital payment token and capital markets product token services only to customers outside of Singapore will be required to obtain a license.MAS stated that it will set high standards for licensing and will generally not issue licenses. The announcement noted that providers who have offered digital payment token or capital markets product token services to Singapore customers are already regulated under existing laws, and these licensed providers can also serve overseas customers. However, providers that only offer services related to utility and governance tokens are not subject to the new regulatory framework.MAS emphasized that due to high-risk factors, existing DTSPs that only serve overseas customers must cease related activities when the new framework comes into effect. Affected parties can contact MAS via email to discuss plans for an orderly termination of activities.

ChainCatcher news, Cobo's Vice President of Custody, alexzuo, stated that Singapore's MAS has released the final guidelines for the DTSP regulatory framework under the Financial Services and Markets Act (FSMA), which will take effect on June 30, 2025. Non-compliant DTSPs must cease operations immediately.DTSP refers to institutions in Singapore that provide token trading, transfers, custody, and other services to overseas clients. However, those holding PSA/SFA/FAA licenses or exempted from them do not need to apply for a new DTSP license but must still meet new obligations, such as stricter technology risk management, annual audits, and reporting significant security incidents within one hour. MAS emphasizes the shift from "whether licensed" to "whether compliant" and implements tiered regulation for stablecoins.