Hyperliquid confirmed it is based in Singapore and does not hold a Monetary Authority of Singapore license, The Defiant reported.
The Defiant's article cites Financial Times reporting that people familiar with MAS's thinking consider the decentralized venue to be outside the regulator's jurisdiction. Singapore's rules distinguish crypto derivatives offered on approved exchanges from those offered elsewhere, according to the report.
Reported by the Regulation desk from The Defiant. Published . Corrections