Binance, the global cryptocurrency exchange, has affirmed its commitment to employing hundreds of remote workers based in Singapore. This decision comes despite facing regulatory hurdles within the jurisdiction.
Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), had previously established a deadline for cryptocurrency firms operating in the region. Binance’s intention to retain its substantial remote workforce signifies its ongoing operational presence and reliance on Singapore-based talent, navigating the regulatory environment set by MAS.