MAS puts Bybit on Singapore investor alert list as exchange remains unlicensed

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Bybit Fintech Limited and Bybit appeared on MAS's Investor Alert List on June 17, a warning registry for entities that may be mistaken as licensed, regulated or approved by Singapore's financial watchdog. MAS gave no specific reason, and Cointelegraph says Bybit had not responded by publication; the exchange is not publicly licensed or regulated by MAS and lists Singapore as a service-restricted country. The useful read is that Singapore is tightening the perimeter around offshore crypto venues, even when they already say local users are blocked.

TLDR by @Benthic

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Explore the topic

More on MAS

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