Binance will maintain its remote workforce in Singapore following recent regulatory changes by the Monetary Authority of Singapore (MAS), which required cryptocurrency entities to relocate personnel by June 30. The exchange confirmed that hundreds of Singapore-based remote employees will continue operations as their back-end functions fall outside the scope of the new rules.
The MAS mandate impacted several major exchanges operating in Singapore, including Bitget and Bybit, which faced personnel relocation requirements to comply with enhanced oversight frameworks. Binance’s exception stems from its remote staff’s exclusive focus on technical and operational support roles that do not involve customer-facing activities or local regulatory interfaces.
Professional networking data indicates over 400 Binance employees designate Singapore as their operational base. The retention of these personnel allows Binance to sustain critical infrastructure and development efforts within the region.
Binance reiterated its commitment to regulatory compliance, emphasizing alignment with MAS guidelines while ensuring uninterrupted service for global users. The exchange continues monitoring regulatory developments to maintain operational resilience in key jurisdictions.