[DigitalToday reporter Chi-gyu Hwang (황치규)] The Monetary Authority of Singapore has added the decentralised perpetual futures exchange Hyperliquid to its investor alert list.
Cointelegraph reported on Thursday that Hyperliquid was classified as an entity that could be mistaken for a business licensed or regulated in Singapore.
The list includes the Hyper Foundation website and the Hyperliquid trading app. The investor alert list is a consumer protection measure that flags entities that could be wrongly perceived as licensed or regulated by the Monetary Authority of Singapore. Being included on the list does not lead to bans or sanctions.
Hyperliquid said it has never claimed to be licensed or approved by the Monetary Authority of Singapore. It also said there was no change to its infrastructure, which anyone can use without permission.
In a post on X (Twitter) on Thursday, Hyperliquid said it was continuing cooperative and constructive discussions with regulators and institutions worldwide and supports a clear regulatory framework for on-chain finance.
Chi-gyu Hwang
delight@d-today.co.kr