【Market Update】Hyperliquid’s regulatory status in Singapore has become more uncertain. According to an October 7 report by the Financial Times, the Monetary Authority of Singapore (MAS) said it was unaware of Hyperliquid being regulated in any major jurisdiction and reminded investors that its perpetual contracts are not regulated by the authority. Sources familiar with the matter said that, due to the platform’s decentralized nature, MAS does not consider it an entity “based in Singapore,” meaning it may fall outside its jurisdiction even if operating locally. Hyperliquid, however, confirmed to the FT that its headquarters are in Singapore. This tug-of-war over “who regulates it” has cast uncertainty over $HYPE ’s compliance outlook.

(Source: CryptoPotato / The Financial Times)

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