Today in crypto, significant regulatory changes are occurring as Singapore’s central bank has mandated local crypto firms to cease their overseas activities by June 30, 2025. This directive, part of the Financial Services and Markets Act, comes with strict penalties including fines of up to $200,000. In South Korea, the impending snap election has seen both major candidates advocating for pro-crypto policies, which are expected to benefit the country's vibrant crypto market regardless of the outcome. Meanwhile, the TON blockchain faced a brief outage due to a network error but was swiftly resolved within 40 minutes. This incident highlights the potential issues high-throughput blockchains may encounter as they scale. Overall, these developments underline the dynamic and rapidly evolving landscape of the crypto industry across different regions.

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