币界网报道：On June 5, Alex Zuo, Cobo's vice president of custody, wrote that Singapore's MAS issued the final guidelines for the DTSP regulatory framework under the Financial Services and Markets Act (FSMA). FSMA will take effect on June 30, 2025, and non-compliant DTSPs must immediately cease operations. DTSP refers to institutions that provide token trading, transfer, custody and other services to overseas customers in Singapore. However, those who already hold PSA/SFA/FAA licenses or are exempted do not need to apply for a new DTSP license, but still need to meet new obligations, such as stricter technical risk management, annual audits, and reporting of major security incidents within 1 hour. MAS emphasizes the shift from "whether it is licensed" to "whether it is compliant" and implements layered supervision of stablecoins.