FT: Singapore Regulator Says Hyperliquid May Fall Outside Its Jurisdiction Despite Firm Being Based...

FT: Singapore Regulator Says Hyperliquid May Fall Outside Its Jurisdiction Despite Firm Being Based in Singapore According to the FT, the Monetary Authority of Singapore (MAS) said it is not aware of Hyperliquid being regulated in any major jurisdiction and has previously warned investors that its perpetual futures are not regulated by MAS. People familiar with the regulator’s thinking said MAS does not consider Hyperliquid to be based in Singapore due to its “decentralised nature” and therefore believes it should fall outside its jurisdiction. However, Hyperliquid Labs confirmed to the FT that it is based in Singapore, while corporate documents reviewed by the FT list Singapore as its registered headquarters. Hyperliquid said it “is not, and has never claimed to be, licensed or authorised by MAS” and remains committed to engaging constructively with regulators.

Source: Wu Blockchain