Bloomberg: Singapore's crypto regulation upgrade, Binance still plans to retain remote employees

ChainCatcher news, according to Bloomberg, despite Singapore's crackdown on unlicensed cryptocurrency firms, the cryptocurrency exchange Binance still plans to keep hundreds of remote employees in Singapore. According to informed sources, the new regulations are expected to have a limited impact on Binance's business operations in Singapore.

Previously, the Monetary Authority of Singapore announced a deadline of June 30 for cryptocurrency companies registered in Singapore that provide services overseas, requiring them to cease related business activities.