The deadline for MAS regulation is approaching, and offshore encryption exchanges are relocating from Singapore to Kuala Lumpur.

TokenomicsTrapper · 2025-06-21T15:40:28+00:00

As the deadline for cryptocurrency exchanges set by the Monetary Authority of Singapore approaches, some offshore exchanges plan to withdraw. Most market makers and Decentralized Finance protocols have reacted calmly, and exchange executives are moving their offices to Kuala Lumpur. Commercial real estate rents are loosening, while high-end residential rents remain stable. Meanwhile, the demand for EP sponsorship is on the rise, with some practitioners staying in Singapore through local companies, and labor arbitration cases have emerged.

TokenomicsTrapper

2025-06-21 15:40:28

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The co-founder of Pundi Ai, Danny, stated that as the deadline for offshore crypto exchanges set by the Monetary Authority of Singapore (MAS) approaches on June 30, some offshore exchanges are planning to withdraw from Singapore. However, most market makers, service providers, and DeFi protocols have had a lukewarm response. Many exchange executives are choosing to relocate their offices to Kuala Lumpur, while their families remain in Singapore. There are signs of softening in commercial real estate rents, while high-end residential rents remain relatively stable. The demand for EP (Employment Pass) sponsorship is on the rise, and many practitioners are applying through local companies to stay in Singapore. Additionally, there have been some cases of improper dismissals leading to labor arbitration.

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