Binance Stands Firm: Over 400 Staff to Remain in Singapore Despite Regulatory Crackdown

Binance's Bold Move Amidst Regulatory Heat

Hold onto your hats, folks! Binance, the titan of crypto exchanges, isn't budging an inch from Singapore. Even with the Monetary Authority of Singapore breathing down their necks after that June 30 deadline, they're keeping their crew of over 400 right where they are.

LinkedIn Reveals the Numbers

Check this out—a deep dive into LinkedIn profiles spills the beans that more than 400 Binance warriors are grinding away from the Lion City. While rivals Bitget and Bybit are scrambling to ship their folks overseas, Binance is chilling, business as usual.

Back-End Focus Keeps Binance Steady

Insiders are whispering that the new MAS rules? Barely a blip on Binance's radar. Why? Their Singapore squad is all about the behind-the-scenes action—compliance, HR, data crunching, and tech wizardry. So, no need for anyone to pack their bags and move out.

Binance Plays It Cool

When we hit up Binance for the lowdown, they zipped their lips—no comment on their Singapore setup or any hint of an office there. Tight-lipped, these guys.

MAS Clarifies for Offshore Workers

Back in May, MAS dropped a statement saying that if you're an offshore firm, you're cool—doesn't trigger the need for a license under the Financial Services and Markets Act 2022. So, those remote workers? They're golden.

CEO Teng's Vision: Remote-First and Global

Remember that chat with Binance CEO Richard Teng back in January 2025? He laid it out—Binance is all about that remote-first life. With over 50 offices scattered across the globe, they've never pinned down a HQ. And Teng, who used to be an MAS big shot, was talking shop with regulators worldwide in 2024.

Singapore's Final Warning to Unlicensed Exchanges

Just this month, Singapore's financial watchdogs threw down the gauntlet—one last warning to unlicensed crypto exchanges. Pack it up by June 30, or else! But they've been singing this tune for a while, so no need to panic, they say. Still, whispers of a crypto exodus from the island are stirring up the scene.

Singapore's Crypto Hub Status Intact

Don't forget, Singapore isn't just any place—it's a crypto powerhouse with giants like Coinbase and OKX setting up shop, fully licensed and ready to roll.