Bybit Says It Was Added to Singapore Investor Alert List, Is Engaging With MAS
JOON HYOUNG LEE
Summary
- Global cryptocurrency exchange Bybit said it had been subject to an investor warning action in Singapore.
- Bybit said it had become aware that it was added to the Monetary Authority of Singapore's (MAS) Investor Alert List and was actively engaging with the regulator to determine the basis for the listing.
- Bybit said it has suspended services in Singapore and has taken steps to prevent user access, including blocking Singapore IP addresses, and will continue to cooperate with regulators worldwide.
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Global cryptocurrency exchange Bybit said it has been subject to an investor warning action in Singapore.
Odaily reported on June 18 that Bybit had become aware it was added that day to the Monetary Authority of Singapore's Investor Alert List. The exchange said it is actively engaging with MAS to determine the basis for the listing.
Bybit has currently suspended services in Singapore. A company representative said the exchange has continued to take steps to prevent users in Singapore from accessing the platform, including blocking Singapore IP addresses. The company added that it will continue to cooperate with regulators worldwide.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
