Bybit added to Singapore MAS alert list

• Singapore's Monetary Authority has added Bybit to its Investor Alert List, which identifies entities that may be perceived as licensed or regulated when they are not.
• The regulator did not provide a specific reason for the listing, and Bybit is not currently licensed by MAS.
• The move highlights Singapore's continued oversight of cryptocurrency firms and digital asset service providers.

Bybit, operated by Bybit Fintech Limited, has been added to the Monetary Authority of Singapore's Investor Alert List, a registry that warns consumers about entities that may be mistakenly viewed as licensed or regulated.

The inclusion occurred on June 18, although the Monetary Authority of Singapore did not disclose a specific reason for placing Bybit on the list.

The Investor Alert List identifies entities and investment offers that could create the impression of being authorised, regulated or approved by the regulator when they are not.

Public records indicate that Bybit is not licensed or regulated by the Monetary Authority of Singapore, while the exchange currently lists Singapore among its restricted jurisdictions.

The development comes as Singapore continues tightening oversight of the digital asset sector, and following the announcement no publicly traded company share price was directly affected.

Singapore remains a major global cryptocurrency hub, ranking among the leading jurisdictions for decentralised finance and institutional digital asset activity.

Recent regulatory actions by Singapore authorities have included the revocation of licences, enforcement actions against crypto firms and fraud charges linked to the collapse of cryptocurrency lender Hodlnaut.