The Monetary Authority of Singapore (MAS) announced that starting June 30, crypto firms serving only foreign clients will need a license, which MAS indicates will be generally difficult to obtain. This decision follows concerns over regulatory challenges and money laundering risks associated with supervising offshore firms. Singapore-based crypto exchange WazirX has already hinted at altering its operations due to these impending regulations. Additionally, Kraken's security chief has warned crypto conferencegoers about the importance of personal security measures, noting that careless behavior at events can expose individuals to scams. Finally, World Liberty Financial issued a cease-and-desist letter to the creators of a Trump-branded Bitcoin wallet, asserting unauthorized use of the Trump name in cryptocurrency offerings. This highlights the complexities around branding and regulatory compliance in the rapidly evolving crypto space.

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