Pundi Ai co-founder: Singapore's crypto regulatory deadline is approaching at the end of June, and offshore exchanges are gradually adjusting their layout

Danny, co-founder of Pundi Ai, stated that as the June 30th deadline set by the Monetary Authority of Singapore (MAS) for offshore crypto exchanges approaches, some offshore exchanges are planning to leave Singapore, but most market makers, service providers, and DeFi protocols have shown a lukewarm response; exchange executives are mostly choosing to move their offices to Kuala Lumpur while keeping their families in Singapore. Commercial real estate rental prices have shown signs of softening, while high-end residential rents remain relatively stable. Demand for EP (Employment Pass) sponsorship is rising, with many professionals applying through local companies to stay in Singapore. Additionally, some labor arbitration cases involving improper dismissal have begun to emerge.