Singapore MAS adds Bybit to investor alert list

The June 17 listing identifies Bybit Fintech Limited as an entity that could be incorrectly perceived as MAS-regulated. While the alert does not constitute a formal operating ban or enforcement action, it serves as a public warning that the platform operates outside the requirements of the Payment Services Act. Bybit, founded by Singaporean entrepreneur Ben Zhou, currently maintains measures to restrict local users, including geo-blocking IP addresses.

This development follows a period of rigorous compliance enforcement in Singapore. In May, the regulator revoked the licence of Bsquared Technology following evidence of misleading statements and systemic risk management failures. MAS continues to direct investors toward its Financial Institutions Directory to confirm the status of crypto firms. Bybit, which remains the second-largest exchange by global trading volume, did not provide immediate comment on the alert. The firm recently navigated a similar regulatory process in Malaysia, where it was removed from an investor alert list in April 2026 after aligning with local requirements.