Singapore’s top financial regulator, MAS, has put crypto platform Bybit on its Investor Alert List as of June 17. This doesn’t mean Bybit is banned or formally charged, it’s a public signal from MAS that Bybit is not licensed or authorized to provide regulated financial services in Singapore. The list exists to warn consumers about firms that may be wrongly perceived as licensed or authorized there, and that dealing with such firms can carry greater risk.
For Bybit, the timing matters. The exchange recently promoted returns of up to 50% APR for its Private Wealth Management business in a PR Newswire release. Headline figures like that can attract attention, but MAS is drawing a clear distinction between visibility and local authorization.
The MAS warning does not block access or make findings of misconduct on its own; it is a cautionary notice to the public. The regulator’s message is straightforward: don’t assume a platform is approved in Singapore without checking whether it is actually licensed or authorized there.