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

Odaily Planet Daily News Crypto trading platform Bybit stated that it has noticed its inclusion in the Monetary Authority of Singapore (MAS) Investor Alert List and is actively communicating with the Monetary Authority of Singapore to further understand the basis for this listing.

Bybit stated that it has always maintained open and constructive communication with MAS and has continuously taken measures to prevent Singapore users from accessing its platform, including explicitly restricting access in its terms of service and implementing geo-blocking for Singapore IPs. It currently does not provide services to Singapore users and said it will continue to cooperate with regulatory bodies globally. Further updates will be announced in due course.