The Monetary Authority of Singapore has added Bybit and Bybit Fintech Limited to its Investor Alert List, warning residents not to treat the exchange as a locally authorized financial platfor
The Monetary Authority of Singapore has added Bybit and Bybit Fintech Limited to its Investor Alert List, warning residents not to treat the exchange as a locally authorized financial platform.
The new MAS entry places both the company name and the Bybit brand on the regulator’s public warning list. MAS uses the list for businesses that may be mistaken for licensed or regulated institutions in Singapore.
Bybit does not appear in the MAS Financial Institutions Directory, which tracks firms authorized to provide regulated financial services in the country.
The alert reinforces a restriction already published by Bybit itself. Singapore appears among the jurisdictions where the exchange says it does not provide services through its global platform.
That means the MAS action is less about a sudden market exit and more about removing any remaining ambiguity over Bybit’s local status. Singapore residents should not assume that access to a website, app or existing account means the service carries approval from the country’s financial regulator.
The distinction matters because regulatory authorization determines which legal entity holds customer assets, which complaint process applies and what safeguards are available if withdrawals, custody or account access become disputed.
Bybit operates through separate entities across multiple jurisdictions, and authorization in one region does not extend automatically into another.
The exchange has expanded through licensed operations in markets including Europe and the Middle East, but those approvals are tied to specific entities and territories. Singapore’s framework requires firms serving local users to hold the relevant permissions under the Payment Services Act.
The same jurisdiction-by-jurisdiction pressure is reshaping the wider exchange market. Platforms continue to secure European licences under the MiCA framework while facing restrictions, warning lists or advertising limits elsewhere.
Regulators have also become more aggressive when offshore exchanges appear to reach local users without approval. The UK has pursued a similar line through warnings over unauthorized crypto promotions and sponsorships.
An Investor Alert List entry does not shut down Bybit globally or cancel licences held by its other entities. It does, however, make the Singapore position unmistakable.
Anyone in Singapore using or considering Bybit now faces three aligned signals: the exchange lists the country as restricted, Bybit is absent from the MAS licence directory, and the regulator has placed the brand on its public alert list.
That combination leaves little room for users to assume that a Bybit account is protected by Singapore’s regulatory system. The immediate issue is not whether the exchange continues operating elsewhere, but whether Singapore residents understand that any access they retain sits outside the local framework designed to protect customers and supervise digital asset providers.
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