Crypto news

The Monetary Authority of Singapore (MAS) continues its active crackdown on unregulated crypto services. On June 26, the regulator added the decentralized exchange platform (perp-DEX) Hyperliquid to its "Investor Alert List" (IAL). The official website of the Hyper Foundation organization was also included in this list.

This move by MAS should be seen as a signal to the market: the regulator is warning investors that these services may be mistakenly perceived as licensed. However, as the Hyperliquid team emphasizes, inclusion in the IAL is not a direct ban on operations or the start of enforcement measures.

The Hyperliquid team was quick to reassure users, stating that "nothing has changed" in their network. They noted that the platform never claimed to have an MAS license, and that inclusion in the list is a standard procedure for many major exchanges and DeFi protocols. "Hyperliquid is a public infrastructure. Users hold their own assets, and transactions are processed transparently," added the protocol's representatives.

Notably, since the beginning of summer, centralized exchanges such as KuCoin and Bitget have also been added to this same registry. This confirms a trend: the Singaporean regulator is tightening control over all forms of crypto services available to its residents.

Let me remind you that in June 2025, MAS adopted a fundamentally important regulation requiring all crypto companies to obtain a digital token service provider license. Otherwise, they are obliged to cease servicing clients outside of Singapore.

Expert opinion: The inclusion of Hyperliquid in the MAS list is not just a bureaucratic formality. It is a clear signal that even decentralized protocols cannot ignore national jurisdictions. For investors, this is a reminder: "unlicensed" operation does not mean "safe." The market is moving towards segmentation, where regulated and unregulated zones will be clearly separated, and ignoring this fact could lead to serious consequences for users.