Bybit added to Singapore MAS Investor Alert List

Crypto Insight Summary: Crypto exchange Bybit has been added to Singapore’s MAS Investor Alert List, which flags entities that may be mistakenly perceived as licensed or regulated.  Crypto exchange Bybit has been added to the Monetary Authority of Singapore’s (MAS) Investor Alert List, a registry designed to warn consumers about entities that may be wrongly perceived as licensed or regulated by the financial watchdog. Bybit Fintech Limited and Bybit [appeared](https://www.mas.gov.sg/investor-alert-list) on the MAS alert list on Wednesday, although the regulator did not provide a specific reason for their inclusion. _Bybit Fintech Limited, the corporate entity behind the exchange, appears on the MAS Investor Alert List website. Based on publicly available information, Bybit is not licensed or regulated by MAS. Cointelegraph reached out to a Bybit spokesperson for comment but did not receive a response by the time of publication. Although Bybit was founded by Singaporean entrepreneur Ben Zhou, the exchange does not operate in the city-state. Singapore is listed among the company’s “Service Restricted Countries” on its [website](https://www.bybit.com/en/help-center/article/Service-Restricted-Countries), meaning users in the jurisdiction are not permitted to access its services. _**Related:**_[_**SBI Holdings targets majority stake in Singapore crypto exchange Coinhako**_](https://cointelegraph.com/news/sbi-holdings-majority-stake-singapore-crypto-exchange-coinhako) Singapore has cemented its position as a leading crypto hub, [ranking](https://www.chainalysis.com/blog/2025-global-crypto-adoption-index/) among the world’s top jurisdictions for decentralized finance and institutional digital asset services in Chainalysis’ 2025 Global Crypto Adoption Index. Hodlnaut, a Singapore-based crypto lending platform that once served tens of thousands of users, suspended withdrawals in August 2022 following the Terra implosion and was later ordered to liquidate. Crypto Insight Analysis: Direction: Bearish Bybit Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Bybit's addition to MAS alert list raises regulatory concerns but limited impact due to non-Singapore operations.