Singapore’s Regulatory Arbitrage Era Ends: The Great Web3 Exodus and a Survival Guide for the New DTSP Regime
Once a haven for regulatory arbitrage, Singapore is now facing an unprecedented Web3 exodus driven by its new Digital Token Service Provider (DTSP) regulations. Under the Monetary Authority of Singapore’s (MAS) strict enforcement, unlicensed firms and individuals risk heavy fines and imprisonment, pushing many to relocate to friendlier hubs like Hong Kong and Dubai. This article explores the drivers and impact of Singapore’s crackdown, and how the Web3 industry is navigating this shifting global landscape.
The risk of digital currency fraud from the incident of Gree’s stolen account
Today, the news that Gree Electric's official X account (@greeqatar) was stolen and used to publish information related to virtual currency has attracted widespread attention.
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