Hyperliquid Faces Singapore Regulatory Questions Despite Local HQ: Report

Singapore's regulatory question is less about where Hyperliquid Labs is registered and more about whether it falls under MAS oversight. An interesting case seems to be brewing around Hyperliquid. Reports have emerged that authorities in Singapore, the city-state the decentralized trading platform claims is home to its corporate headquarters, say they have no jurisdiction over Hyperliquid at all. MAS Questions Where Hyperliquid Falls Under Regulation According to a Financial Times report on October 7, the Monetary Authority of Singapore (MAS) is not aware of Hyperliquid being regulated in any major jurisdiction and has previously warned investors that its perpetual futures are not regulated by the authority. People familiar with MAS’s thinking reportedly told the FT that the regulator did not consider the platform to be based in Singapore because of its decentralized nature. That could place the protocol outside MAS’s jurisdiction even though the corporate entity is located in the country. Hyperliquid Labs confirmed to the FT that it is based in Singapore. Even job advertisements posted as recently as the previous week asked applicants whether they could work from the company’s Sing...