{"id":159330,"date":"2025-06-07T20:55:59","date_gmt":"2025-06-07T17:55:59","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=159330"},"modified":"2025-06-07T20:57:16","modified_gmt":"2025-06-07T17:57:16","slug":"best-crypto-to-buy-now-as-singapore-bars-foreign-only-digital-token-services","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/best-crypto-to-buy-now-as-singapore-bars-foreign-only-digital-token-services\/","title":{"rendered":"Best Crypto to Buy Now as Singapore Bars Foreign-Only Digital Token Services"},"content":{"rendered":"

Singapore\u2019s central bank has tightened the screws on offshore token providers, barring crypto firms that serve only foreign customers unless they secure a license that will \u201cgenerally not\u201d be granted. This shift<\/a><\/span>, slated to take effect on June 30, forces any digital token service targeting overseas clients into a high-bar licensing regime.\u00a0<\/span><\/p>\n

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Why does it matter? By drawing a clear line around who can and cannot operate from this major financial hub, Singapore is setting a new compliance precedent for global crypto markets. Investors should note that such regulatory rigor can redefine market access and liquidity. With mounting scrutiny on cross-border token flows, it\u2019s time to consider which best crypto to buy now offers strength amid tightening rules.<\/p>\n

Singapore Cracks Down on Offshore Crypto Providers with New Licensing Requirements<\/h2>\n

The Monetary Authority of Singapore (MAS) has clarified its Digital Token Service Providers framework, announcing that starting June 30, any firm offering digital payment tokens or capital-market tokens exclusively to non-Singapore customers must hold a license.<\/p>\n

In its June 6 statement, MAS warned that licenses for foreign-only operations will be granted \u201conly in extremely limited circumstances,\u201d citing significant challenges in supervising offshore entities and heightened money-laundering risks.<\/p>\n

Firms failing to obtain authorization must cease regulated activity, a requirement that has already spurred moves such as Singapore-based WazirX\u2019s decision to relocate its India-focused services to Panama.<\/p>\n

Legal experts echoed MAS\u2019s stance, noting in industry commentary that AML and counter-terror financing concerns underpin the regulator\u2019s high bar for approval. Importantly, the new rules do not extend to services related to pure utility or governance tokens, which remain outside the licensing regime.<\/p>\n

This development follows surveys showing 94 percent of Singapore residents recognize at least one digital asset, underlining how widespread crypto familiarity now faces a tougher compliance landscape. In a nutshell, Singapore is doubling down on onshore control while drawing a firm boundary around offshore token operations.<\/p>\n

Best Crypto to Buy Now<\/h2>\n

As Singapore\u2019s clampdown highlights the rising tide of regulatory oversight, investors must pivot toward assets built for resilience and compliance. Market leaders with established on-chain legitimacy and transparent governance are better positioned to weather renewed scrutiny than offshore challengers. With rules tightening around borderless token services, here are the best cryptos to buy now that combine enduring security and growth potential.<\/p>\n

Snorter<\/h3>\n

Born for stability in shifting rules, Snorter\u2019s<\/a>\u00a0focus on streamlined staking and low-volatility yield could attract compliance-minded investors. As regulators draw clear boundaries, Snorter\u2019s on-chain transparency positions it as a steady pick.<\/p>\n

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Snorter is a Telegram-based trading bot designed for Solana tokens, simplifying the process of finding new launches, verifying contract safety, and executing efficient trades. It\u2019s built for traders overwhelmed by the chaos of DEXs, offering speed, smart functionality, and ease of use.<\/p>\n

At the heart of Snorter is a self-reward model that lets users earn tokens through daily interactions, from sharing memes to voting. This engagement-driven approach powers gradual token deflation and increases value for active community members.<\/p>\n

Security is a top priority for the Snorter Bot Token, offering real-time blacklist scanning to help traders avoid scams like \u2018rug pulls\u2019 or \u2018honeypots.\u2019 The Telegram dashboard also provides real-time portfolio tracking and trade control.<\/p>\n

Copy-trading is another exciting feature, allowing users to automatically mirror top-performing wallets while maintaining control over trade sizes. Advanced features like these will soon expand Snorter\u2019s appeal to a wider range of traders.<\/p>\n

99Bitcoins<\/a>, a respected crypto influencer, sees Snorter as having the potential for a 10x return.<\/p>\n