MAS adds crypto exchange Bybit to Investor Alert List

The company said it does not offer services to users in Singapore.

The Monetary Authority of Singapore (MAS) listed cryptocurrency exchange Bybit and Bybit Fintech Limited on its Investor Alert List on 17 June.

MAS did not state a specific reason for the listing. The list identifies persons or entities that may have been wrongly perceived as being licensed, authorised, regulated, recognised, or registered by the regulator.

It also covers offers of investments, business trust units, or collective investment schemes that may have been wrongly perceived as authorised or registered by the regulator.

In an X post, Bybit said it is aware of the listing and is engaging MAS to understand the basis for its inclusion.

“Bybit does not offer services to users in Singapore,” the company said.

It added that it has maintained measures to prevent access by Singapore users, including restrictions in its terms of service and geo-blocking of Singapore IP addresses.

MAS said the list is not exhaustive and is based on information available at the time of publication.

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