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Singapore Adds Bybit to Alert List Alongside Binance and KuCoin
The Monetary Authority of Singapore has added Bybit to its Investor Alert List, putting the global crypto exchange alongside Binance and KuCoin in a growing group of offshore platforms flagged to local investors. Inclusion on the MAS alert list does not necessarily imply wrongdoing. It is a formal warning that the company is not authorised to solicit or serve Singapore residents. The move adds to a series of steps Singapore has taken to bring locally based crypto firms under its licensing framework. Last year, MAS expanded licensing requirements to cover locally based digital asset firms even if they served only ... (full story)