Bitget Confirms No Singapore MAS License as Access Remains Blocked

Crypto exchange Bitget has formally confirmed that it does not hold a licence from the Monetary Authority of Singapore. The exchange clarified that it remains focused on restricting access for residents in the country while it works to grow its footprint in other international markets.

Singapore has built a strict regulatory framework for digital asset service providers, requiring exchanges to secure official approvals before offering services to traders. Bitget's statement puts an end to market questions regarding its operational status in the region, reassuring users that it is adhering to local compliance rules by keeping the market geo blocked.

As global regulators tighten rules on crypto platforms, compliance has become a top priority for major trading venues. Traders will be watching how Bitget advances its licensing efforts in other jurisdictions to expand its services legally.