MAS adds Bybit to Singapore investor alert list

Singapore’s central bank has added the global cryptocurrency exchange Bybit to a public warning list, clarifying that the platform is not licensed to provide services in the city-state. The Monetary Authority of Singapore (MAS) placed Bybit Fintech Limited and its trading platform on its Investor Alert List on Wednesday, June 17, 2026.

The list identifies entities that may be wrongly perceived as being licensed, authorized, or regulated by MAS. The regulator emphasized that inclusion is a public warning tool and does not constitute a finding of wrongdoing, a ban, or an enforcement action. It is based on information available to MAS at the time of publication and is not exhaustive.

Bybit, founded by Singaporean entrepreneur Ben Zhou, is one of the world’s largest crypto exchanges by trading volume. Despite its origins, the exchange does not operate in Singapore and already restricts users in the country under its terms of service, including geoblocking local IP addresses. The company’s website lists Singapore among its Service Restricted Countries.

The move underscores Singapore’s strict regulatory framework for digital payment token services, which requires firms to obtain...