Bybit Blocks Singapore Users After MAS Alert Listing

According to Bybit, it has maintained ongoing measures to prevent access by Singapore users. Those measures include restrictions in its Terms of Service and geo-blocking of Singapore IP addresses. “Bybit does not offer services to users in Singapore,” the company said. The exchange also stated that it has consistently engaged with MAS and remains committed to working collaboratively with regulators worldwide.

MAS has not publicly commented on the reasons behind Bybit’s addition to the Investor Alert List. The regulator’s website states that the list identifies persons or entities that, based on information available to MAS, may be or may have been wrongly perceived as being licensed or regulated by the authority. Inclusion on the list does not automatically indicate that an entity has violated Singapore law. Instead, it serves as a warning for investors to verify a firm’s regulatory status before engaging with its services.

Bybit’s statement introduces a new dimension, with the exchange arguing that it already restricts Singapore users despite appearing on the alert list. For now, the listing remains active while discussions between Bybit and MAS continue.