On July 21, crypto exchange Bitget confirmed that it has no license, approval, registration, or authorization from the Monetary Authority of Singapore (MAS).
The company reiterated that Singapore remains a restricted jurisdiction for its platform. Bitget's terms of use explicitly list Singapore among prohibited countries, and the exchange does not offer or market its services to residents there.
MAS currently includes Bitget on its Investor Alert List, which warns the public about entities that might be mistaken for locally authorized operators. Being on the list is not an enforcement action or proof of misconduct.
Bitget is continuing expansion efforts in other markets and has filed for a license under the European Union's MiCAR framework in Austria.
CEO Gracy Chen stated that Bitget aims to comply with local regulations while growing globally and maintaining a trusted platform.
Singapore's regulatory environment tightened recently with MAS introducing a licensing regime for digital token service providers effective from June 30, 2025. Licenses are expected to be rarely granted due to concerns over cross-border money laundering and terrorism financing.
Following these changes, Bitget and other exchanges like Bybit reportedly plan to relocate some Singapore-based staff to jurisdictions such as Dubai or Hong Kong, although Bitget has not publicly confirmed such moves.
MAS continues to differentiate between authorized and unauthorized operators via its Investor Alert List, adding firms like Hyperliquid in June 2026, which also denied any false claims of approval.
Material is for informational purposes only and does not constitute financial advice.
