From Cointelegraph

June 7, 2025 5:32:00 AM:

Singapore’s latest directive requires unlicensed crypto firms to stop serving overseas customers, closing regulatory loopholes. The move aligns with global efforts to combat money laundering and terrorism financing. Some firms may consider Hong Kong as a new option, following a trend of tightening regulations worldwide. Singapore remains committed to regulatory compliance in the crypto industry. Regulatory alignment is accelerating to comply with the Travel Rule and AML standards. Dubai’s Virtual Assets Regulatory Authority released Rulebook 2.0 with stricter AML protocols. FATF President prioritizes strengthening virtual assets standards. Thailand, UAE, and Philippines removed from FATF gray list. Dubai warns against false sense of security for crypto firms. Era of dodging regulations by hopping jurisdictions is ending. Compliance is now a top priority for all crypto businesses.

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1. Bitcoin reaches new all-time high of $60,000, fueled by increased institutional interest and mainstream adoption. Market capitalization surpasses $1 trillion, making it the most valuable cryptocurrency.

2. Ethereum’s price hits record high of $2,000 as demand for decentralized finance (DeFi) applications continues to grow. Market cap exceeds $200 billion, solidifying its position as the second-largest cryptocurrency.

3. Dogecoin experiences a surge in value, reaching a new all-time high of $0.10. The meme-inspired cryptocurrency gains popularity among retail investors and social media influencers.

4. NFT (non-fungible token) sales hit $342 million in February, with digital art and collectibles leading the trend. Artists and creators are leveraging blockchain technology to tokenize and sell their work to a global audience.

5. Tesla announces that customers can now purchase vehicles using Bitcoin, marking a significant milestone for cryptocurrency adoption in the mainstream retail sector. CEO Elon Musk’s support for Bitcoin continues to drive interest and investment in the digital asset.: Singapore Kicking Out Unlicensed Firms is Part of Global Trend