TechFlow, July 2 — According to Bloomberg, despite Singapore tightening its regulation on unlicensed cryptocurrency firms, Binance still plans to retain hundreds of employees working remotely in Singapore. These staff members primarily handle back-end compliance, human resources, data analysis, and technical support, and do not directly serve Singaporean clients; therefore, they are not subject to the new regulations. Under the latest requirements from the Monetary Authority of Singapore, effective June 30, any company registered or with a place of business in Singapore offering digital asset services to overseas customers must obtain a license or cease such operations.
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