A licensing deadline refers to a specific date by which entities operating within a regulated industry must acquire the necessary permits or authorizations to continue their operations lawfully. For digital asset businesses, this often pertains to compliance with new cryptocurrency regulations or financial services laws. Failure to meet this deadline can result in significant penalties or the cessation of services.
Context
Licensing deadlines are critical junctures for cryptocurrency firms, frequently necessitating substantial operational and strategic adjustments to satisfy regulatory requirements. News often reports on companies actively working to achieve compliance or facing repercussions for failing to meet these crucial dates. These deadlines shape market structure.
The MAS finalized its DTSP regime, eliminating regulatory arbitrage by requiring licensing for entities serving foreign clients from a Singapore base by June 2025.
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