Binance to Retain Hundreds of Remote Employees in Singapore Despite MAS Crypto Crackdown

Despite Singapore’s stringent regulatory measures targeting unlicensed crypto firms, Binance, the leading global digital asset exchange, intends to maintain a significant remote workforce within the city-state. The Monetary Authority of Singapore (MAS) recently mandated that crypto entities registered locally but servicing overseas clients must halt such operations by June 30. This directive has compelled several major exchanges, including Bitget and Bybit, to explore relocating personnel internationally. However, insiders reveal that Binance’s Singapore-based remote staff, primarily involved in compliance, human resources, data analytics, and technology functions, remain largely unaffected by these regulations. With over 400 employees identifying Singapore as their base on professional networks, Binance’s operational model leverages remote work, mitigating regulatory impact and ensuring continuity. This strategic approach underscores Binance’s adaptability within evolving regulatory frameworks, reinforcing its commitment to compliance while sustaining critical back-end operations in Singapore.

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