Bybit responds to being listed on Singapore's MAS investor warning list and is communicating with regulators for clarification

The cryptocurrency trading platform Bybit stated that it has noted its inclusion in the Investor Alert List of the Monetary Authority of Singapore (MAS) and is actively communicating with the Monetary Authority of Singapore to further understand the basis for this listing.

Bybit claims that the company has maintained open and constructive communication with MAS and continues to take measures to prevent users in Singapore from accessing its platform, including explicitly restricting access in its terms of service and geo-blocking Singapore IPs. It currently does not provide services to users in Singapore and stated that it will continue to cooperate with regulatory authorities globally. Updates will be announced in a timely manner if there are further developments.