Bybit lands on Singapore MAS Investor Alert List

Crypto exchange Bybit was added to Singapore's Monetary Authority (MAS) Investor Alert List on May 20, 2024. This list includes entities that may be incorrectly perceived by the public as being licensed or regulated by the MAS. The inclusion signifies that Bybit is not licensed or regulated by the MAS and that investors should be cautious. The MAS Investor Alert List is designed to warn consumers about unregulated entities operating in Singapore. Bybit has not yet issued a public statement regarding its inclusion on the list. This development comes as regulators globally increase scrutiny of cryptocurrency platforms.