Bybit Added to Singapore Monetary Authority's Investor Alert List

CoinFeed, June 18 - According to Cointelegraph, crypto exchange Bybit has been added to the Monetary Authority of Singapore's (MAS) Investor Alert List. The list aims to alert consumers to entities that may be mistakenly perceived as being licensed or regulated by MAS. Bybit Fintech Limited and Bybit appeared on the list on Wednesday, but MAS did not provide a specific reason. Based on public information, Bybit is not licensed or regulated by MAS. Although Bybit was founded by Singaporean entrepreneur Ben Zhou, the exchange does not operate in Singapore, and its official website lists Singapore as a 'restricted service country'.