Overview

Hyperliquid has confirmed its registration in Singapore, but the platform's decentralized nature has raised concerns among regulators. The Monetary Authority of Singapore (MAS) has added Hyperliquid to its crypto warning list, citing the platform's permissionless design.

MAS Regulation

The MAS has a history of regulating crypto firms in Singapore. However, Hyperliquid's lack of MAS regulation raises questions about its legitimacy. The platform claims that users hold their own funds and trades settle on-chain, but MAS does not recognize this as permissionless.

Industry Reaction

The MAS's warning about Hyperliquid has sparked criticism from industry experts. Kyle Samani, chairman of Forward Industries, accused Hyperliquid of " ,", " : -1 , ", " : 1 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 , ", " : 0 ,