PANews reported on July 2 that according to Bloomberg, despite Singapore's crackdown on unlicensed cryptocurrency institutions, the crypto exchange Binance still plans to keep hundreds of remote employees in Singapore. The Monetary Authority of Singapore recently announced that it has set a deadline of June 30 for cryptocurrency companies registered in Singapore and providing services overseas to stop related business activities. According to people familiar with the matter, the new regulations are expected to have limited impact on Binance's business layout in Singapore.