In Singapore, the central bank has mandated local crypto firms to stop international operations by June 30 or face penalties, including fines of up to $200,000. This decision follows feedback on regulations under the Financial Services and Markets Act of 2022. Companies must either cease providing digital token services overseas or obtain a license by the deadline. Meanwhile, the South Korean crypto industry remains positive, regardless of the outcome of a presidential snap election, as both main candidates are pro-crypto. Lee Jae-myung aims to allow the national pension fund to invest in crypto and promote a won-backed stablecoin, while his opponent, Kim Moon-soo, pledges to relax regulations and support crypto adoption. Additionally, the TON blockchain experienced a brief outage due to an error in the masterchain dispatch queue but resumed normal operations within approximately 40 minutes, highlighting the challenges of managing high-throughput networks.

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