Blockcast 66 | Licensed to Shill III: Understanding the MAS's Licensing Requirements

In this episode of Blockcast, host Takatoshi Shibayama discusses the recent regulatory changes in Singapore's crypto landscape with guests Hagen Rooke and Lisa J.Y. Tan. They explore the implications of the Monetary Authority of Singapore's (MAS) new licensing requirements for digital token service providers, the impact on centralized and decentralized platforms, and common misconceptions surrounding the regulations.

The conversation also touches on the future of decentralized finance (DeFi) in light of regulatory uncertainty and the importance of safeguarding the industry through appropriate regulations. The episode concludes with market commentary from Valentin Fournier, highlighting current trends in the crypto market.

Further reading

MAS Sets Hard June 30 Deadline for Unlicensed Crypto Firms Serving Overseas Clients

Singapore regulator offers no transition period as new DTSP licensing regime takes effect.

BlockheadBlockhead

Singapore’s MAS Policy Consistencies & Clarifying the Clear

The regulatory crackdown marks the end of an era where crypto firms could leverage its credibility while skirting licensing requirements through offshore-only operations, as MAS demands banking-level standards for KYC/AML compliance and eliminates reliance on lower-tier payment processor licenses

BlockheadJon Reiter

Blockcast is hosted by Head of APAC at Ledger, Takatoshi Shibayama. Previous episodes of Blockcast can be found here, with guests like Davide Menegaldo (Neon EVM), Jeremy Tan (Singapore parliament candidate), Alex Ryvkin (Rho), Hassan Ahmed (Coinbase), Sota Watanabe (Startale), Nic Young (Oh), Jacob Phillips (Lombard), Chris Yu (SignalPlus), Kathy Zhu (Mezo), Jess Zeng (Mantle), Samar Sen (Talos), Jason Choi (Tangent), Lasanka Perera (Independent Reserve), Mark Rydon (Aethir), Luca Prosperi (M^0), Charles Hoskinson (Cardano), and Yat Siu (Animoca Brands) on our recent shows.