Singapore’s financial regulator added Hyperliquid to its Investor Alert List, as a reminder that the decentralized exchange was not licensed in the region.
Source: Cointelegraph
Hyperliquid added to Singapore's Investor Alert List
Hyperliquid, a cryptocurrency exchange, has been added to Singapore's Investor Alert List by the Monetary Authority of Singapore (MAS). This designation serves as a warning to investors about potential risks associated with the platform, which is not licensed to operate in the country. The MAS emphasizes the importance of conducting thorough research and exercising caution when engaging with unregulated financial services. This move reflects ongoing regulatory efforts in Singapore to safeguard investors amid the growing popularity of digital assets. Hyperliquid's addition to the alert list highlights the increasing scrutiny that cryptocurrency platforms face in the region.