Bybit responds to being placed on MAS Investor Alert List: engaging with regulators for clarification

Odaily Odaily reports that crypto trading platform Bybit has stated it has noted its inclusion on the Monetary Authority of Singapore (MAS) Investor Alert List and is actively communicating with the MAS to better understand the basis for this listing.

Bybit stated that it has always maintained open and constructive communication with the MAS and has continuously taken measures to prevent users in Singapore from accessing its platform, including clearly restricting this in its Terms of Service and implementing geo-blocking of IP addresses from Singapore. Bybit currently does not provide services to users in Singapore and stated it will continue to cooperate with regulatory bodies globally. Further updates will be announced at the appropriate time should there be any new developments.