Singapore MAS Flags Crypto Exchange Bybit on Investor Alert List

Singapore’s central bank added Bybit Fintech Limited and its trading platform to the Investor Alert List on June 17. The Monetary Authority of Singapore publishes the list to warn the public about entities that might be mistaken for licensed or regulated firms.

The listing is not an enforcement action. It does not force Bybit to shut down servers or freeze accounts. The platform continues to operate globally.

Bybit does not hold a MAS license to offer digital payment token services in Singapore. Its own terms and conditions already exclude the city-state from the list of jurisdictions where it provides services.

The exchange ranks second among digital asset platforms by 24-hour trading volume, which regularly exceeds several billion dollars.

The flag comes weeks after Bybit was removed from Malaysia’s Securities Commission Investor Alert List in late April 2026. That removal followed a series of regulatory discussions and compliance steps. The new Singapore listing paints a more complicated picture for Bybit’s regional standing.

Bybit joins Binance and KuCoin, two other major exchanges previously added to the same MAS list. For Singapore residents, using Bybit was already technically off-limits under the exchange’s own terms. The MAS listing adds an official government warning on top of that restriction.

For platforms that have secured a proper MAS license under the Payment Services Act, the episode reinforces the value of regulatory approval. Those exchanges can use their licensed status to differentiate when courting institutional clients and high-net-worth traders in the region.