The Monetary Authority of Singapore has placed Bybit on its Investor Alert List, flagging the company to the public as an unregulated entity. The listing, confirmed by the regulator, warns investors that Bybit is not licensed or authorized to offer financial services in the city-state.
What the listing means
Bybit’s inclusion on the list signals that it may be perceived as having a license from MAS when it does not. The alert list is a public record of persons who are not regulated by MAS but who have been reported as potentially misleading the public. Investors who deal with Bybit will not have access to the dispute resolution schemes that cover MAS-regulated firms.
The addition does not bar Bybit from operating in Singapore, but it puts investors on notice that the platform is not under MAS oversight. The regulator updates the list regularly and encourages the public to check it before committing funds.
Bybit has not issued a public statement responding to the listing as of press time. The company continues to serve clients globally through its platform.
Broader context for crypto traders
The move adds Bybit to a growing roster of crypto firms that have drawn attention from MAS. Singapore has been tightening its stance on digital asset service providers, requiring them to hold a license under the Payment Services Act. Unlicensed entities that solicit business from Singapore residents risk being flagged on the alert list.
For traders based in Singapore, the listing means any funds held or transacted through Bybit are not protected by MAS safeguards. The regulator advises caution when dealing with any firm that appears on the list.
The exact date of Bybit’s addition was not disclosed, but the list is publicly accessible on the MAS website. The company’s name now appears alongside dozens of other entities that the regulator has flagged.
Investors who have accounts with Bybit should review the status of their holdings and consider whether they are comfortable operating outside the regulatory framework. The next update to the alert list could include additional crypto platforms as MAS continues its enforcement push.
