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
