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Bybit: We’re engaging Singapore’s MAS over Investor Alert List inclusion


Bybit: We’re engaging Singapore’s MAS over Investor Alert List inclusion

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Bybit says it is engaging Singapore’s Monetary Authority of Singapore (MAS) to understand why it was placed on MAS’s Investor Alert List, which signals it is not licensed to serve local users. Although Bybit already blocks Singaporean customers, the listing raises regulatory and compliance risk for the centralized exchange and could weigh on crypto adoption and market trust.

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Bybit has put out a measured statement saying it is engaging the Monetary Authority of Singapore (MAS) directly to understand the basis for its listing on the financial regulator’s Investor Alert List.  Being placed on the Investor Alert List means that Bybit is not licensed to serve local users, despite the company already blocking Singapore...
Read the article at CryptoPolitan

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In This News

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