Crypto crackdown: People crossing a street in Singapore’s Chinatown district. The MAS imposed a hard deadline of June 30 for crypto firms incorporated in the city-state and offering services offshore to cease activities. — AFP
Singapore: The world’s largest digital assets exchange Binance plans to keep hundreds of remote workers in Singapore, despite a crackdown on unlicensed crypto outfits in the city-state.
The Monetary Authority of Singapore (MAS) recently announced a hard deadline of June 30 for crypto firms incorporated in Singapore and offering services offshore to cease activities, prompting top-10 exchange operators Bitget and Bybit to weigh shifting employees overseas.
