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Bybit Added To Singapore MAS Investor Alert List

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Bybit Added To Singapore MAS Investor Alert List
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Crypto exchange Bybit is now on the Investor Alert List from the Monetary Authority of Singapore (MAS). This list warns people about companies that might seem licensed or regulated by Singapore’s financial authority but are not.

Both Bybit and its parent company, Bybit Fintech Limited, were added to the list, though MAS did not give a specific reason. The regulator says the list is meant to point out companies and investments that might look approved when they are not.

Public records show that Bybit is not licensed by MAS. The exchange does not offer services to users in Singapore and lists the country as a restricted area. Even though it was started by Singaporean entrepreneur Ben Zhou, the company mainly operates outside Singapore.

Singapore is now one of the world’s top digital asset centers, especially for institutional crypto activity. At the same time, its regulators have kept a strict focus on compliance and protecting consumers.

This latest move shows MAS is still working to oversee the digital asset sector and make sure investors know which companies are regulated in Singapore’s financial system.

 

 

 

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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