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The Graph The Graph (GRT) $0.09 ↑ 1.42%
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Pendle Pendle (PENDLE) $5.34 ↑ 21.63%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.34 ↑ 4.32%
Sonic Sonic (S) $0.30 ↑ 4.63%
Nexo Nexo (NEXO) $1.34 ↑ 0.40%
Aerodrome Finance Aerodrome Finance (AERO) $0.98 ↑ 24.66%
Tezos Tezos (XTZ) $0.81 ↑ 3.54%
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Vaulta Vaulta (A) $0.53 ↑ 1.55%
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IOTA IOTA (IOTA) $0.20 ↑ 3.11%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 4.01%
Raydium Raydium (RAY) $2.86 ↑ 5.54%
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The Sandbox The Sandbox (SAND) $0.29 ↑ 4.20%
DeXe DeXe (DEXE) $8.49 ↑ 1.02%
Pyth Network Pyth Network (PYTH) $0.12 ↑ 4.19%
Bitcoin Bitcoin (BTC) $116,482.61 ↑ 0.14%
Ethereum Ethereum (ETH) $3,987.43 ↑ 4.58%
XRP XRP (XRP) $3.26 ↑ 7.39%
Tether USDt Tether USDt (USDT) $1.00 ↓ 0.00%
BNB BNB (BNB) $787.91 ↑ 1.88%
Solana Solana (SOL) $176.30 ↑ 4.70%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.22 ↑ 5.52%
TRON TRON (TRX) $0.34 ↓ -0.41%
Cardano Cardano (ADA) $0.79 ↑ 4.72%
Stellar Stellar (XLM) $0.45 ↑ 9.55%
Hyperliquid Hyperliquid (HYPE) $40.67 ↑ 3.93%
Sui Sui (SUI) $3.79 ↑ 3.51%
Chainlink Chainlink (LINK) $19.18 ↑ 7.34%
Bitcoin Cash Bitcoin Cash (BCH) $582.00 ↑ 0.89%
Hedera Hedera (HBAR) $0.26 ↑ 3.79%
Avalanche Avalanche (AVAX) $23.37 ↑ 4.14%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.04%
Litecoin Litecoin (LTC) $122.79 ↑ 0.95%
Toncoin Toncoin (TON) $3.37 ↑ 1.86%
UNUS SED LEO UNUS SED LEO (LEO) $8.99 ↑ 0.33%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 4.11%
Uniswap Uniswap (UNI) $10.75 ↑ 7.05%
Polkadot Polkadot (DOT) $3.92 ↑ 4.96%
Dai Dai (DAI) $1.00 ↑ 0.02%
Bitget Token Bitget Token (BGB) $4.49 ↑ 1.86%
Monero Monero (XMR) $274.96 ↑ 4.66%
Cronos Cronos (CRO) $0.15 ↑ 4.29%
Pepe Pepe (PEPE) $0.00 ↑ 5.91%
Aave Aave (AAVE) $285.59 ↑ 4.97%
Ethena Ethena (ENA) $0.63 ↑ 1.51%
Mantle Mantle (MNT) $1.06 ↓ -1.92%
Bittensor Bittensor (TAO) $368.10 ↑ 4.37%
Ethereum Classic Ethereum Classic (ETC) $22.11 ↑ 6.47%
NEAR Protocol NEAR Protocol (NEAR) $2.66 ↑ 4.05%
Ondo Ondo (ONDO) $1.02 ↑ 3.58%
Aptos Aptos (APT) $4.64 ↑ 7.57%
Internet Computer Internet Computer (ICP) $5.40 ↑ 3.81%
Pi Pi (PI) $0.37 ↑ 3.61%
OKB OKB (OKB) $46.05 ↑ 1.18%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↑ 2.45%
Kaspa Kaspa (KAS) $0.09 ↑ 5.78%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 4.17%
Algorand Algorand (ALGO) $0.26 ↑ 2.70%
Arbitrum Arbitrum (ARB) $0.42 ↑ 5.47%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.05%
Bonk Bonk (BONK) $0.00 ↑ 4.70%
Cosmos Cosmos (ATOM) $4.57 ↑ 4.90%
VeChain VeChain (VET) $0.02 ↑ 1.92%
GateToken GateToken (GT) $16.69 ↓ -0.22%
Render Render (RENDER) $3.84 ↑ 4.72%
Story Story (IP) $6.54 ↑ 6.78%
Worldcoin Worldcoin (WLD) $1.02 ↑ 2.36%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.25 ↑ 3.16%
Sky Sky (SKY) $0.08 ↑ 2.53%
Sei Sei (SEI) $0.31 ↑ 3.06%
Filecoin Filecoin (FIL) $2.51 ↑ 3.60%
Flare Flare (FLR) $0.02 ↑ 0.82%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.69 ↑ 1.57%
SPX6900 SPX6900 (SPX) $1.77 ↑ 2.73%
Jupiter Jupiter (JUP) $0.49 ↑ 2.30%
XDC Network XDC Network (XDC) $0.09 ↓ -0.29%
Four Four (FORM) $3.93 ↑ 1.15%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.02%
Injective Injective (INJ) $14.11 ↑ 3.90%
Quant Quant (QNT) $114.37 ↑ 4.34%
Optimism Optimism (OP) $0.75 ↑ 8.20%
Stacks Stacks (STX) $0.73 ↑ 2.24%
KuCoin Token KuCoin Token (KCS) $10.21 ↓ -2.60%
Curve DAO Token Curve DAO Token (CRV) $0.94 ↑ 5.68%
Celestia Celestia (TIA) $1.74 ↑ 2.99%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -3.57%
FLOKI FLOKI (FLOKI) $0.00 ↑ 4.31%
Conflux Conflux (CFX) $0.21 ↓ -3.40%
Immutable Immutable (IMX) $0.54 ↑ 2.87%
PayPal USD PayPal USD (PYUSD) $1.00 ↓ -0.02%
Ethereum Name Service Ethereum Name Service (ENS) $27.83 ↑ 3.84%
Fartcoin Fartcoin (FARTCOIN) $1.01 ↑ 6.97%
Lido DAO Lido DAO (LDO) $1.11 ↑ 10.86%
The Graph The Graph (GRT) $0.09 ↑ 1.42%
PAX Gold PAX Gold (PAXG) $3,389.05 ↑ 0.16%
dogwifhat dogwifhat (WIF) $0.96 ↑ 5.30%
PancakeSwap PancakeSwap (CAKE) $2.77 ↑ 1.56%
Kaia Kaia (KAIA) $0.15 ↑ 3.35%
Pendle Pendle (PENDLE) $5.34 ↑ 21.63%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.34 ↑ 4.32%
Sonic Sonic (S) $0.30 ↑ 4.63%
Nexo Nexo (NEXO) $1.34 ↑ 0.40%
Aerodrome Finance Aerodrome Finance (AERO) $0.98 ↑ 24.66%
Tezos Tezos (XTZ) $0.81 ↑ 3.54%
Tether Gold Tether Gold (XAUt) $3,390.21 ↑ 0.24%
Vaulta Vaulta (A) $0.53 ↑ 1.55%
Theta Network Theta Network (THETA) $0.82 ↑ 3.90%
IOTA IOTA (IOTA) $0.20 ↑ 3.11%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 4.01%
Raydium Raydium (RAY) $2.86 ↑ 5.54%
Gala Gala (GALA) $0.02 ↑ 5.54%
The Sandbox The Sandbox (SAND) $0.29 ↑ 4.20%
DeXe DeXe (DEXE) $8.49 ↑ 1.02%
Pyth Network Pyth Network (PYTH) $0.12 ↑ 4.19%
Home News

Singapore Finalizes New Crypto Rules How Global Firms Now Under Watch

Sami Oliver by Sami Oliver
3 June 2025
in News, Economy, en, World
Reading Time: 4 mins read
0
Singapore Finalizes New Crypto Rules — Global Firms Now Under Watch

Singapore, known for its progressive approach to fintech, has finalized a sweeping set of crypto rules aimed at tightening oversight on digital asset firms.

These regulations, part of the Payment Services Act (PSA) overhaul, extend to both local firms and those serving international clients. Effective in two phases, October 2024 and June 2025, these crypto rules will impact consumer protection, cross-border operations, and risk management standards.

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Dogecoin Bullish Breakout: Whale Buys Ignite 8% Surge
    • 100x Crypto Hunters, This Is It – MoonBull’s Early Access Could Change the Game While Dogwifhat and Neiro Keep Soaring
  • Expanded Oversight for Digital Payment Tokens
  • New Consumer Protection Phases
    • Phase 1: Trust Accounts and Daily Reconciliation (October 2024)
    • Phase 2: Retail Investor Restrictions (June 2025)
  • Price Impact and Market Sentiment
  • Global Implications
  • Conclusion
    • FAQs
      • 1. What are the new crypto rules introduced by Singapore?
      • 2. Do these rules apply to companies outside of Singapore?
      • 3. When do the new crypto rules take effect?
      • 4. Why did Singapore tighten its crypto regulations?
      • 5. How will this affect crypto users and investors?
  • Glossary of Key Terms
    • Sources

YOU MAY BE INTERESTED

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Expanded Oversight for Digital Payment Tokens

The revised crypto rules expand the scope of the PSA to cover custodial services for digital payment tokens (DPTs), DPT transfers between accounts, and overseas money transfers, even if the funds never enter Singapore.

According to the Monetary Authority of Singapore (MAS), these changes are intended to close regulatory gaps and enforce AML (Anti-Money Laundering) and CTF (Counter-Terrorism Financing) standards across all crypto-related services.

“These enhanced crypto rules ensure that firms serving overseas clients are held to the same standards as local operators,” said Ravi Menon, Managing Director of MAS.

Crypto Rule

New Consumer Protection Phases

Phase 1: Trust Accounts and Daily Reconciliation (October 2024)

The first wave of consumer protection crypto rules mandates the segregation of customer funds from company funds. Digital asset firms must store these in legally binding trust accounts. In addition, companies will be required to reconcile customer assets daily and maintain detailed records to mitigate financial risk.

Phase 2: Retail Investor Restrictions (June 2025)

The second phase of the crypto rules focuses on protecting retail investors. Firms will be banned from offering incentives, leverage, credit, or crypto derivatives to retail users. Moreover, firms must conduct mandatory risk awareness assessments for all retail clients, regardless of where they live.

“Singapore is drawing a clear line between innovation and investor protection,” commented Chia Hock Lai, co-chair of the Blockchain Association Singapore.

Price Impact and Market Sentiment

The announcement had a modest effect on crypto prices, with Bitcoin dipping 2.1% amid broader market uncertainty about regulatory clampdowns in Asia. However, some analysts believe this clarity could benefit the Singaporean crypto ecosystem long-term.

Global Implications

By applying these crypto rules to overseas-facing firms, Singapore is asserting regulatory leadership in a fragmented global landscape. Other financial hubs like Hong Kong and the UAE may follow suit, signaling a broader trend toward stricter but more standardized crypto compliance.

“If you want to operate globally from Singapore, be prepared to follow our crypto rules. That’s how we ensure credibility,” said Menon.

Crypto News

Conclusion

Singapore’s new crypto rules are poised to reshape the digital asset industry, offering enhanced safeguards for consumers and ensuring accountability among service providers, regardless of geography.

While the road to full compliance may challenge some firms, the long-term vision is a stable, well-regulated crypto hub. Firms operating from Singapore must now either adapt or risk being left behind.

FAQs

1. What are the new crypto rules introduced by Singapore?

Singapore’s new crypto rules require digital asset firms, including those serving overseas clients, to comply with stricter regulatory standards. These include AML/CFT requirements, consumer protection, and segregation of customer funds.

2. Do these rules apply to companies outside of Singapore?

Yes. If a crypto firm in Singapore provides services to customers overseas, it must still comply with these new regulations—even if the customers are not Singaporean.

3. When do the new crypto rules take effect?

Some requirements have already begun rolling out, but all firms must comply fully by mid-2024 to early 2025, depending on the specific obligation.

4. Why did Singapore tighten its crypto regulations?

The move aims to prevent crypto-related crimes, increase transparency, and ensure Singapore remains a trusted global hub for digital assets, especially after major collapses like FTX.

5. How will this affect crypto users and investors?

For users, it means increased security and transparency. For companies, compliance costs will rise, but long-term stability and trust in the ecosystem are expected to improve.

Glossary of Key Terms

Crypto Rules: Regulatory policies governing cryptocurrency businesses.

DPT (Digital Payment Token): Singapore’s legal term for cryptocurrencies.

MAS: Monetary Authority of Singapore, the nation’s financial regulator.

AML/CTF: Anti-Money Laundering and Counter-Terrorism Financing.

Retail Investor: An individual investor as opposed to institutional ones.

Sources

  • Singapore Finalizes Crypto Rules 

  • The Straits Times

  • Business Insider

 

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Tags: Bitcoin newscrypto rulecrypto rulescryptocurrenciescryptocurrencyCryptoNewsSEC Crypto Rules
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