Caixin: Singapore's new crypto regulations accelerate industry reshuffle in the short term, and existing companies cannot continue to operate
2025-06-12 07:48:16
Caixin published an article "No transition period" new regulations, what signals does Singapore's crypto regulatory policy release? ", which pointed out that Singapore has encouraged blockchain technology innovation, and its regulatory attitude has become more positive. It once became a safe haven for cryptocurrencies, including Binance founder Zhao Changpeng, Bitmain CEO Wu Jihan and other industry representatives have moved to Singapore. But now Singapore is reshaping the regulatory landscape and development path of its industry by tightening the digital token service license policy. The new regulations have significantly increased the operating compliance costs of some Web3.0 companies, accelerating the industry reshuffle in the short term. The founder of a Web3.0 product company has disclosed that his company has been unable to continue operating. The no transition period policy has caught many industry players off guard.
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