๐จ Regulatory Update: Whatโs Next for $MIND
Following new MAS regulations, Singapore-based companies must obtain a license to continue offering overseas digital token services beyond 30 June 2025.
๐ ๐ผ๐ฟ๐ฝ๐ต๐ฒ๐๐ ๐๐ฎ๐ฏ๐โ ๐ฅ๐ฒ๐๐ฝ๐ผ๐ป๐๐ฒ
As a Web3 tech platform, Morpheus Labs remains fully operational. Weโre aligning with MAS requirements, exploring licensing options, and implementing structural adjustments to ensure long-term compliance and continuity.
Following new MAS regulations, Singapore-based companies must obtain a license to continue offering overseas digital token services beyond 30 June 2025.
๐ ๐ผ๐ฟ๐ฝ๐ต๐ฒ๐๐ ๐๐ฎ๐ฏ๐โ ๐ฅ๐ฒ๐๐ฝ๐ผ๐ป๐๐ฒ
As a Web3 tech platform, Morpheus Labs remains fully operational. Weโre aligning with MAS requirements, exploring licensing options, and implementing structural adjustments to ensure long-term compliance and continuity.
$MIND ๐๐ป๐๐ฒ๐ฟ๐ ๐๐ผ๐บ๐บ๐๐ป๐ถ๐๐ ๐๐ผ๐๐ฒ๐ฟ๐ป๐ฎ๐ป๐ฐ๐ฒ
๐๐ค ๐จ๐ช๐ฅ๐ฅ๐ค๐ง๐ฉ ๐๐๐๐๐ฃ๐ฉ๐ง๐๐ก๐๐ฏ๐๐ฉ๐๐ค๐ฃ:
- All $MIND tokens held by Morpheus Labs will be unlocked and moved to a neutral custodian
- 100M $MIND will be allocated to the DAO treasury to support ongoing ecosystem growth (product development, marketing, and more)
๐ Community members can refer to the DAO Guide for details on submitting proposals and participating in treasury decisions.
๐ฅ While the core team steps back from $MIND governance, they remain fully committed to leading Morpheus Labsโ product and platform innovation.
๐ Read the full announcement on Medium:
๐https://medium.com/@morpheuslabs_io/navigating-regulatory-changes-in-singapore-whats-next-for-mind-and-morpheus-labs-81c95160e481
Letโs keep building โ together.
โ Team Morpheus Labs
๐๐ค ๐จ๐ช๐ฅ๐ฅ๐ค๐ง๐ฉ ๐๐๐๐๐ฃ๐ฉ๐ง๐๐ก๐๐ฏ๐๐ฉ๐๐ค๐ฃ:
- All $MIND tokens held by Morpheus Labs will be unlocked and moved to a neutral custodian
- 100M $MIND will be allocated to the DAO treasury to support ongoing ecosystem growth (product development, marketing, and more)
๐ Community members can refer to the DAO Guide for details on submitting proposals and participating in treasury decisions.
๐ฅ While the core team steps back from $MIND governance, they remain fully committed to leading Morpheus Labsโ product and platform innovation.
๐ Read the full announcement on Medium:
๐https://medium.com/@morpheuslabs_io/navigating-regulatory-changes-in-singapore-whats-next-for-mind-and-morpheus-labs-81c95160e481
Letโs keep building โ together.
โ Team Morpheus Labs