Bybit is engaging MAS after Bybit Fintech entered investor alertlist. Exchange says Singapore users remain blocked through existing compliance measures. Bybit pledged continued regulatory coo
- Bybit is engaging MAS after Bybit Fintech entered investor alertlist.
- Exchange says Singapore users remain blocked through existing compliance measures.
- Bybit pledged continued regulatory cooperation while seeking clarification from MAS.
Bybit is engaging with Singapore’s financial regulator after one of its entities was added to the Monetary Authority of Singapore’s Investor Alert List. According to a statement shared by the exchange on X, Bybit Fintech Limited was included on the list, leading the company to seek clarification from MAS while reaffirming that it does not provide services to users in Singapore.
The exchange stated that it has maintained open communication with MAS and remains committed to working collaboratively with regulators across different jurisdictions. Moreover, Bybit said it will continue engaging with the regulator to better understand the basis for the listing. According to the company, Singapore residents are already restricted from accessing its platform through several compliance measures. These measures include geo-blocking Singapore IP addresses and applying explicit restrictions through the exchange’s Terms of Service.
The update has attracted attention within the cryptocurrency industry because Singapore remains one of Asia’s most important financial centers. Consequently, developments involving major exchanges often draw interest from market participants monitoring regulatory trends.
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Bybit Highlights Existing Compliance Measures
In its statement, Bybit emphasized that it does not offer services to users located in Singapore. The company added that restrictions targeting Singapore-based access have remained in place as part of its broader compliance framework. According to Bybit, these controls are designed to prevent users from the jurisdiction from accessing products and services available on the platform. Additionally, the exchange noted that it has consistently engaged with MAS regarding compliance-related matters.
The Investor Alert List is maintained by the Monetary Authority of Singapore to inform the public about entities that may appear to be regulated but are not licensed by the regulator. However, inclusion on the list does not automatically suggest wrongdoing or enforcement action. As regulators continue refining digital asset rules, cryptocurrency exchanges face increasing pressure to demonstrate compliance and transparency. Therefore, many global platforms have strengthened user verification systems and regional access restrictions to align with local regulations.
Bybit said discussions with MAS remain ongoing. Furthermore, the exchange indicated that additional updates will be provided when appropriate as engagement with the regulator continues.
Conclusion
Bybit maintains that Singapore users remain restricted from accessing its services. While the exchange seeks greater clarity regarding the Investor Alert List entry, it continues to emphasize regulatory cooperation and compliance as key parts of its global operations.
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The post Bybit Engages Singapore Regulator Following Investor Alert List Entry appeared first on 36Crypto.