Singapore distances itself from regulating Hyperliquid, citing its "decentralized nature"

Singapore is declining to regulate crypto exchange Hyperliquid, citing its "decentralized nature", even as the DEX confirms it is based in the city-state. Authorities are wary of risks and scandals tied to homegrown Hyperliquid Labs and its popular perps.

• Singapore cites Hyperliquid's "decentralized nature"
• Hyperliquid confirms it is based in Singapore
• Concerns center on Hyperliquid Labs and its perps