# Singapore's regulator says Hyperliquid falls outside its jurisdiction, while Germany's Bitcoin.de stays suspended after a MiCA rejection

Hyperliquid Labs told the Financial Times it is registered in Singapore, but the Monetary Authority of Singapore says the decentralized exchange is beyond its scope. Germany's Federal Financial Supervisory Authority (BaFin) refused a partner bank's application, and that refusal keeps Bitcoin.de closed.

- Published: 2026-10-07T05:31:53.993Z
- Canonical: https://polylog.news/crypto/2026-10-07/singapore-s-regulator-says-hyperliquid-falls-outside-its-jur
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Polylog editors](https://polylog.news), [crypto.news](https://crypto.news/bitcoin-de-plans-new-setup-after-mica-license-failure/), [KuCoin News](https://www.kucoin.com/news/flash/hyperliquid-confirms-singapore-hq-mas-says-it-s-outside-regulatory-jurisdiction), [Phemex](https://phemex.com/news/article/mas-says-hyperliquid-falls-outside-singapore-regulatory-jurisdiction-99008)

Hyperliquid told the Financial Times it is officially registered in Singapore. MAS said the platform falls outside its jurisdiction because it is decentralized. According to reports of the FT story, Hyperliquid Labs' corporate documents lis…

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