Singapore regulators issue ultimatum: local encryption exchanges without licenses must exit by June 30.

[Mining coin] According to a report by Bloomberg, informed sources have revealed that Singapore's regulatory authority has issued a final warning, urging major crypto assets trading platforms operating in the country without a local license to exit swiftly. On May 30, the Monetary Authority of Singapore (MAS) announced that crypto enterprises with a physical presence in Singapore but providing offshore services must cease operations by June 30, without a transition period, including sales and other front-office functions being bound. A MAS spokesperson stated that this is a continuation of the 2022 Financial Services and Markets Act, affecting only a "very small number" of enterprises. Industry insiders point out that the new regulations expose the problem of unclear headquarters positioning for crypto enterprises, and legal experts note that businesses using Singapore teams to support offshore operations but with ambiguous service definitions may face individual case reviews.