Despite being constrained by Singapore regulations, Binance continues to operate

ChainCatcher news, according to Bloomberg, despite Singapore's local regulations on unlicensed cryptocurrency exchanges, Binance still plans to maintain a remote work model. The Monetary Authority of Singapore (MAS) had previously ordered local cryptocurrency companies without a Digital Token Service Provider (DTSP) license to cease services for overseas clients by June 30 (local time). The media cited sources as saying, "This regulation is not expected to have a significant impact on Binance's operations."