MAS Warns of Decentralized Exchange as Indonesia Tightens Oversight on Crypto Influencers

The Monetary Authority of Singapore (MAS) has added decentralized perpetuals exchange Hyperliquid to its Investor Alert List, which is a consumer protection measure that identifies entities that may be wrongly perceived as licensed or regulated by MAS.

According to the MAS, Hyperliquid said it has never claimed to be licensed or authorized by MAS and that nothing about its permissionless infrastructure has changed.

In Indonesia, the Financial Services Authority Regulation No. 6 of 2026 requires influencers recommending crypto and other digital financial assets to obtain competency certifications unless they are already subject to a separate licensing requirement.