Hyperliquid is headquartered in Singapore, but regulator says it is not under its supervision
An official statement from Hyperliquid Labs confirms that the project’s registered headquarters is in Singapore. However, the Monetary Authority of Singapore (MAS) says the decentralized trading platform does not fall within its regulatory purview.
Key points:
First, MAS does not know whether Hyperliquid is regulated by any major legal authority anywhere in the world. Hyperliquid, for its part, has also acknowledged that it is currently unlicensed and has never claimed to hold an operating license from MAS.
Second, Hyperliquid was added to Singapore’s Investor Alert List in June. However, the project says this was not a ban, a penalty, or a finding of wrongdoing.
Third, the incident highlights an important reality in the crypto industry: registering a business in a country does not mean the platform has been licensed or approved by that country’s financial regulator.
In short, as decentralized derivatives exchanges continue to grow rapidly, questions about legal responsibility and which authorities actually oversee their operations remain a major challenge for the entire crypto industry.
This article is just for keeping up with entertaining news and is absolutely not investment advice. If you accidentally place a derivatives trade on Hyperliquid, blow up your account, and then go looking for MAS to demand compensation, please just hail yourself a taxi to Singapore—your admin here doesn’t hold a license from any regulator.
#Hyperliquid #CryptoRegulation #MAS #CryptoNews #DeFi
An official statement from Hyperliquid Labs confirms that the project’s registered headquarters is in Singapore. However, the Monetary Authority of Singapore (MAS) says the decentralized trading platform does not fall within its regulatory purview.
Key points:
First, MAS does not know whether Hyperliquid is regulated by any major legal authority anywhere in the world. Hyperliquid, for its part, has also acknowledged that it is currently unlicensed and has never claimed to hold an operating license from MAS.
Second, Hyperliquid was added to Singapore’s Investor Alert List in June. However, the project says this was not a ban, a penalty, or a finding of wrongdoing.
Third, the incident highlights an important reality in the crypto industry: registering a business in a country does not mean the platform has been licensed or approved by that country’s financial regulator.
In short, as decentralized derivatives exchanges continue to grow rapidly, questions about legal responsibility and which authorities actually oversee their operations remain a major challenge for the entire crypto industry.
This article is just for keeping up with entertaining news and is absolutely not investment advice. If you accidentally place a derivatives trade on Hyperliquid, blow up your account, and then go looking for MAS to demand compensation, please just hail yourself a taxi to Singapore—your admin here doesn’t hold a license from any regulator.
#Hyperliquid #CryptoRegulation #MAS #CryptoNews #DeFi