1 hour ago
9
Singapore’s central bank just put Bybit on notice. The Monetary Authority of Singapore added Bybit Fintech Limited and its trading platform to the regulator’s Investor Alert List on June 17, a move that signals growing discomfort with unlicensed crypto platforms operating near the city-state’s borders.
The MAS Investor Alert List exists to warn the public about entities that might be mistakenly perceived as licensed or regulated by MAS. It is not an enforcement action. It doesn’t force Bybit to shut down servers, freeze accounts, or stop processing trades.
Bybit does not hold a license from MAS to offer digital payment token services in Singapore. The exchange’s own terms and conditions explicitly exclude Singapore from the list of jurisdictions where it provides services.
Bybit frequently ranks as the second-largest digital asset exchange globally by trading volume, with 24-hour volumes regularly reaching into the billions of dollars.
A pattern of regulatory pressure, and progress
Bybit was removed from Malaysia’s Securities Commission Investor Alert List in late April 2026, following a series of regulatory engagements and compliance discussions with Malaysian authorities. Getting flagged by Singapore weeks later paints a more complicated picture.
Bybit is not alone on Singapore’s list. Other major exchanges, including Binance and KuCoin, have been added in previous years.
What this means for investors
For Singaporean residents, using Bybit was already technically off-limits based on the platform’s own terms of service. The MAS listing reinforces that reality and adds an official government warning on top of it.
Exchanges that have secured proper licensing in Singapore, such as those operating under the Payment Services Act, may use this as a differentiator when courting institutional clients and high-net-worth traders in the region.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
English (US) ·