Singapore's MAS Adds Bybit to Investor Alert List Over Unlicensed Operations

The Monetary Authority of Singapore (MAS) added Bybit Fintech Ltd. to its Investor Alert List on June 18 as the regulator increases oversight of crypto exchanges operating without local authorization. Bybit, which serves over 80 million users globally, has never been licensed in Singapore. MAS emphasized that the alert list includes entities that may be incorrectly assumed to be regulated, clarifying that placement does not imply violations but signals firms are not authorized to provide financial services in Singapore. Bybit responded via official statement that it is engaging MAS for clarification and reiterated it maintains contractual restrictions and IP blocking to prevent Singapore users from accessing its platform.
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