Singapore's 'Knife' Cleans Up Unlicensed Crypto Platforms, Deep Tide Exclusively Reviews 57 Compliant Exempt Companies, Binance Excluded from the List

The Monetary Authority of Singapore (MAS) has recently taken strong action to comprehensively clean up unlicensed crypto platforms, causing a huge stir in the cryptocurrency sector. In this regulatory storm, compliance has become the key to survival. After in-depth investigations, Deep Tide has exclusively reviewed 57 companies that have obtained compliance exemptions, however, Binance, once the leading player in the crypto industry, did not appear on this list.

Singapore has always been a focal point for the cryptocurrency industry, and its regulatory attitude has a profound impact on the global crypto market trajectory. This strong move by MAS releases a clear regulatory signal aimed at strengthening financial market stability and protecting investors' rights.

Among the 57 compliant exempt companies exclusively reviewed by Deep Tide, various types of crypto enterprises are included. These companies have obtained a 'pass' to continue operations due to their complete compliance systems. However, Binance's absence is surprising. As a globally renowned crypto trading platform, Binance previously had a certain presence in the Singapore market. Its failure to enter the exemption list undoubtedly poses significant challenges to its business development in Singapore.

With the implementation of Singapore's regulatory policies, unlicensed crypto platforms are being cleaned up one by one, and the market landscape is undergoing drastic changes. Companies that have obtained compliance exemptions are welcoming new development opportunities and will expand their businesses in a more regulated environment; meanwhile, platforms like Binance that are not on the list will need to reassess their strategic layout in Singapore and seek new compliance pathways. This regulatory storm not only tests the adaptability of crypto enterprises but will also reshape the future direction of Singapore's cryptocurrency market, warranting continuous attention from both within and outside the industry.

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