Crypto news

On June 26, the Monetary Authority of Singapore (MAS) added the website of the decentralized exchange Hyperliquid to its "Investor Alert List." This list contains services that may be mistakenly perceived by users as having a regulatory license.

The official website of the Hyper Foundation, the organization managing the protocol, was also included in the list. It is important to emphasize: this is not a direct ban on operations or the start of enforcement measures. It is rather a signal to the market about the need for increased caution.

The Hyperliquid team promptly responded to this event, stating that inclusion in the list does not imply sanctions or an admission of guilt. "The regulator's list includes many major exchanges and DeFi protocols. Hyperliquid is a public infrastructure. It has never claimed to have an MAS license, and no one should consider it as such. Nothing has changed on the network. As in other open blockchains, users store their own assets, and transactions are processed transparently," platform representatives noted.

Let me remind you that since the beginning of summer, centralized exchanges KuCoin and Bitget have also been added to a similar list. This shows that the MAS is consistently tightening control over all cryptocurrency platforms working with Singaporean users.

My expert analysis: The inclusion of Hyperliquid in the list is not so much an attack on DeFi as it is a logical continuation of Singapore's policy to protect retail investors. Since June 2025, the regulator has required all crypto companies to obtain a digital token service provider license, otherwise they must stop servicing foreign clients. For Hyperliquid, as a non-custodial protocol, obtaining such a license may be technically complex and even contradict the ideology of decentralization. However, ignoring this signal could lead to more serious consequences, up to and including blocking access for Singaporean users. The market should closely monitor developments.