Kyber Network says it is not regulated by Singapore’s MAS

Kyber Network has issued a formal clarification confirming that neither it nor its KyberSwap platform operates out of Singapore, and that neither entity falls under the regulatory umbrella of the Monetary Authority of Singapore. The statement may read like a footnote, but the timing makes it anything but routine. Singapore’s new Digital Token Service Provider framework takes effect on June 30, 2025, and it carries real consequences for any locally incorporated entity offering digital token services to users outside the country. Kyber Network is incorporated in Singapore. That combination of facts makes the clarification worth unpacking. What the clarification actually says Kyber Network Pte. Ltd. was incorporated on July 13, 2017, carrying UEN 201719741W and a registered address in Singapore. On paper, it looks like a Singapore company. The protocol’s position, however, is that incorporation and operation are two different things. The disclaimers are stated prominently on the official website and in the platform’s FAQ sections: Kyber Network and KyberSwap are not operated from Singapore and are not regulated or licensed by MAS for token-related services under applicable Singaporean...