Hyperliquid Joins Bybit on Singapore's Crypto Warning List
Singapore flags Hyperliquid as unregulated, while Indonesia launches a licensing push for crypto-promoting social media influencers.
If you've been trading on Hyperliquid and you're based in Singapore, here's something worth knowing: the Monetary Authority of Singapore (MAS) has added Hyperliquid to its investor alert list — basically the regulator's way of saying "proceed at your own risk." The platform now keeps company with Bybit, which landed on the same list earlier. Think of it as Singapore's official "naughty" register for crypto platforms operating without a local license.
Being on the MAS alert list doesn't mean a platform is outright banned, but it's a serious caution flag. It signals to retail investors that the exchange hasn't been vetted or approved to operate in Singapore, meaning you lose most consumer protections if something goes wrong. As crypto platforms continue to court global users, Singapore is making clear it expects anyone targeting its residents to play by its rules.
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Over in Indonesia, the financial authorities are taking a different but equally pointed approach to crypto oversight — this time aimed squarely at social media influencers. The country is rolling out a certification scheme for so-called "FinFluencers" who promote crypto products online. The idea is to hold content creators accountable when they push digital assets to their followers, a space that's historically been a bit of a Wild West.
The Indonesian move reflects a growing global anxiety about the influence that online personalities have over retail investment decisions, particularly in younger demographics. Requiring influencers to get licensed before shilling tokens could meaningfully raise the bar for what passes as financial advice on TikTok or Instagram — and potentially expose uncertified promoters to real legal consequences.
Taken together, these two developments show Asia's regulators are tightening the screws from multiple angles: cracking down on unlicensed exchanges and going after the social-media pipelines that feed users into them. If you're investing in crypto anywhere in the region, it pays to double-check whether the platforms and personalities you're trusting are actually playing by the local rules. Continue reading at Cointelegraph.
