Singapore's MAS Tells Investors: Bybit, Bybit, Bye-Bye From the Approved List 📋

Singapore's central bank has added Bybit to its Investor Alert List, announcing on June 17 that both "Bybit Fintech Limited" and "Bybit" have been included in the regulator's database of entities that may be wrongly perceived as being licensed or regulated by the Monetary Authority of Singapore [MAS]. The Monetary Authority of Singapore stated that the Investor Alert List identifies persons or entities that, based on information available to MAS, may have been incorrectly perceived as licensed, authorized, or otherwise regulated by the Singaporean regulator. The central bank emphasized that inclusion on the list does not automatically mean an entity has violated Singapore law and does not constitute a finding of wrongdoing.

The addition places Bybit alongside other crypto-related entities that MAS has previously flagged when it believed investors could mistakenly assume the firms operated under local regulatory supervision. According to MAS, the list serves as a warning for investors to verify the regulatory status of firms before engaging with them, and the regulator noted that the list is not exhaustive and reflects information available to the authority at the time of publication. At the time of publication, Bybit had not publicly commented on the development. Singapore users should not assume the exchange is licensed or regulated by MAS solely because it is present or accessible in the country.

Bybit remains one of the largest digital asset trading platforms globally, supporting trading in major tokens including $BTC and $ETH, and has expanded beyond traditional crypto trading into products including tokenized equities and other financial offerings. Singapore has positioned itself as one of Asia's leading digital asset hubs while maintaining a relatively strict licensing framework for crypto service providers under its Payment Services Act.

The listing underscores a broader trend in the crypto industry as exchanges navigate multiple regulatory frameworks across jurisdictions. As regulators implement new licensing regimes and compliance requirements, major platforms including Bybit are under growing pressure to clarify their legal status in each market where they operate.