MAS adds Bybit to Singapore investor alert list

On June 17, 2026 the Monetary Authority of Singapore added Bybit Fintech Limited and the Bybit trading platform to its Investor Alert List, stating the exchange is not licensed or regulated to provide services to Singapore users.

The Investor Alert List identifies entities that may be wrongly perceived as being licensed or authorised by MAS. The list is a public warning tool rather than a prohibition or formal enforcement action. MAS noted the list is not exhaustive and is based on information available at publication; Bybit’s main website is specifically named on the listing.

Bybit is one of the world’s largest crypto exchanges by trading volume. The firm was founded by Ben Zhou and operates from multiple jurisdictions, including Dubai. Its terms of service include restrictions on Singapore users.

Under Singapore’s Payment Services Act, firms offering digital payment token services must be licensed to solicit or serve local residents. Platforms without a licence are not permitted to provide those services to people in Singapore.

MAS highlighted investor protection as the reason for the alert. Retail users who trade on unregulated offshore platforms do not have MAS protections for dispute resolution, custody of funds or assurance of fair dealing. The regulator advised checking the Financial Institutions Directory on mas.gov.sg for a list of licensed providers.

Bybit was removed from Malaysia’s investor alert list on April 30, 2026 after regulatory engagement. The company has reported compliance work, including public proof-of-reserves measures. There were no immediate reports of trading disruptions on Bybit following the MAS listing.

Bybit has implemented geo-blocking for Singapore IP addresses as part of its compliance steps. MAS’s listing notes the risk that users may still access the platform or assume it has local regulatory oversight. Bybit has not issued a public response to the MAS addition as of this report.

Singapore investors are advised to verify a provider’s licence status on the MAS website before using a platform that is not clearly authorised to operate in Singapore.