Singapore Flags Hyperliquid as Indonesia Moves to Certify Crypto Finfluencers

Singapore’s regulator has added Hyperliquid to its investor warning list, placing the platform alongside Bybit in a list meant to alert the public to firms that may be operating without the required authorization. At the same time, Indonesia is preparing a new certification scheme for social media influencers who promote crypto, signaling a broader push to formalize how digital assets are marketed online.

The developments matter because they show regulators in two major Asian markets taking different but complementary approaches to crypto oversight: one focused on platform supervision, the other on promotional accountability. For readers and market participants, this points to a regulatory environment where exchanges, apps, and creators face closer scrutiny over how they operate and how they reach retail users.

Singapore’s action against Hyperliquid adds another example of the country’s cautious stance toward unlicensed or lightly supervised crypto services. Warnings of this kind are designed to inform users and can influence how firms structure their regional offerings and compliance strategies.

Indonesia’s proposed FinFluencer licensing effort reflects growing concern about the role influencers play in shaping retail behavior around crypto. By tying promotion to certification, authorities appear to be seeking a clearer standard for public-facing endorsements and educational content.

Together, the two updates underline a regional trend toward tighter rules around both market access and crypto communication. For the broader ecosystem, that means companies and creators may need to adapt to more formal compliance expectations as regulators continue to refine their approach.