Singapore’s financial regulator has placed the decentralized platform Hyperliquid on its investor alert list, citing concerns over its lack of oversight and high-leverage trading products.
Hyperliquid Labs confirmed its headquarters is in Singapore, but the Monetary Authority of Singapore stated it does not regulate the decentralized platform.
Decentralized platform Hyperliquid faces regulatory scrutiny in Singapore after the MAS added the firm to its warning list despite the team's relocation to the country.
Crypto exchange Gemini has secured a Major Payment Institution license in Singapore, allowing it to operate without transaction-volume limits.
