Singapore's central bank has added crypto exchange Bybit to its Investor Alert List, a public register of entities that may be wrongly perceived as licensed or regulated by the Monetary Authority of Singapore. The addition, published on June 17, 2026, warns the public that Bybit is not authorized to offer regulated financial services in the city-state.
What the list is — and isn't
The Investor Alert List isn't a blacklist in the enforcement sense. It's a consumer warning. Entities on it have not been licensed by MAS to provide financial services, but they might be marketing themselves in a way that suggests they are. The list is meant to help investors check before putting money in. Being on it doesn't mean the entity is illegal — just that it's not recognized as a regulated player.
Bybit's place on the list
Bybit now sits alongside dozens of other firms — mostly foreign-based crypto exchanges, trading platforms, and investment schemes — that MAS has flagged over the years. The addition signals that Singapore regulators are still keeping a close watch on offshore crypto platforms reaching local users. Bybit hasn't publicly responded to the listing as of Wednesday evening.
What changes for users
Practically, little changes overnight for existing Bybit users in Singapore. The exchange can still operate its website and app from overseas. But the warning puts any claim of regulatory approval in doubt. MAS has previously warned that entities on the list may be running scams, though that's not automatically the case here. The real risk is reputational: institutional partners and payment processors often shy away from listed firms.
The timing isn't great for Bybit. Singapore is a gateway market for crypto in Asia, and the MAS has been tightening its grip on unlicensed operators. A spot on the alert list can make it harder to bank, harder to advertise, and harder to keep local users confident.
