币界网报道：Singapore's new cryptocurrency licensing regime comes into effect, requiring all digital payment token (DPT) service providers to comply with stricter regulations under the Payment Services Act. The Monetary Authority of Singapore (MAS) will now assess applicants' anti-money laundering controls, cybersecurity measures, and business track records before granting licenses. While existing firms operating under exemptions must now apply for full licenses, MAS emphasizes this won't hinder innovation but aims to foster responsible growth in the crypto sector. The move reflects Singapore's balanced approach to regulating crypto—maintaining its position as a fintech hub while mitigating financial risks. Several major exchanges have already secured preliminary approvals under the new framework.