REGULATION | ‘ByBit is Not Licensed or Regulated in the Country,’ Warns the Monetary Authority of Singapore

Singapore’s financial regulator has placed cryptocurrency exchange, Bybit, on its Investor Alert List, signaling that the platform is not licensed or regulated by the Monetary Authority of Singapore (MAS) and warning consumers against assuming otherwise.

MAS added Bybit Fintech Limited and “Bybit” to the list on June 17 2026.

The Investor Alert List identifies entities that may be wrongly perceived as being licensed, authorized, registered, or otherwise approved by the regulator, though inclusion on the list does not in itself constitute a finding of wrongdoing.

The regulator did not publicly provide a specific reason for Bybit’s inclusion. Singapore has tightened oversight of digital asset firms in recent years as it seeks to balance innovation with investor protection under its licensing framework for crypto service providers.

The move comes as Singapore steps up scrutiny of cryptocurrency businesses operating in or targeting the city-state without the required regulatory approvals. Users dealing with firms that are not licensed by MAS may not benefit from the same regulatory safeguards available to customers of authorized financial institutions.

In 2025, Japan’s Financial Services Agency regulator asked both Apple and Google to suspend the app Store availability of 5 crypto exchanges, including ByBit. In response, ByBit took the step to voluntarily suspend new user registrations starting in 2026 in a bid to comply with local regulatory requirements.

Bybit had not publicly commented on the regulator’s decision at the time of publication.

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