Hyperliquid regulatory tracker
As of 23 October 2026, 2 national regulator warnings name Hyperliquid directly (FCA, MAS), and Hyperliquid's own terms restrict the United States, Ontario and sanctioned regions. No national regulator had fined or charged Hyperliquid in the actions we track.
Quick facts
- Which regulators have warned about Hyperliquid?
- MAS (2026-06-26), FCA (2026-05-21)
- Is Hyperliquid available in the US?
- No. Its terms restrict US persons; a regulated route via Kraken's parent Payward and Bitnomial was announced in September 2026 but still needs approval.
- What is the latest development?
- 2026-10-15: CNV General Resolution 1172/2026 updated PSAV registration, excluding decentralised protocols without human or legal control.
Timeline
| Date | Where | Regulator | Scope | What happened |
|---|---|---|---|---|
| 2026-10-15 | Argentina | CNV | sector | CNV General Resolution 1172/2026 updated PSAV registration, excluding decentralised protocols without human or legal control. source |
| 2026-09-16 | United States | CFTC | Hyperliquid | Payward announced plans to offer US clients regulated perpetual futures on Hyperliquid via permissioned HIP-3 markets deployed by Bitnomial and cleared by Bitnomial Clearinghouse; it needs regulatory approval and has no launch date. source |
| 2026-09-05 | Pakistan | PVARA | sector | The deadline passed for crypto providers serving Pakistanis, derivatives included, to apply for a PVARA No Objection Certificate. source |
| 2026-08-31 | United States | CFTC | Hyperliquid | Bloomberg reported Hyperliquid Labs was in talks with Kraken parent Payward to offer Hyperliquid-linked perps to US users via its CFTC-registered subsidiary Bitnomial, pending CFTC approval. source |
| 2026-08-19 | United States | White House / CFTC | Hyperliquid | President Trump said CFTC Chair Michael Selig was working to bring Hyperliquid to the US 'in a fully compliant and legal fashion'; no approval followed as of October 2026. source |
| 2026-07-15 | Japan | FSA | sector | The Diet passed amendments moving crypto into the Financial Instruments and Exchange Act and raising penalties for unregistered operation. source |
| 2026-07-01 | EU | ESMA / national authorities | sector | MiCA transitional periods ended EU-wide; crypto-asset service providers without MiCA authorisation must stop serving EU clients. source |
| 2026-06-30 | Taiwan | FSC | sector | The Legislative Yuan passed the Virtual Asset Service Act, requiring offshore providers soliciting Taiwanese users to set up locally; crypto derivatives are not yet permitted. source |
| 2026-06-26 | Singapore | MAS | Hyperliquid | MAS added Hyperliquid to its Investor Alert List, a consumer warning rather than a ban; Hyperliquid said it never claimed MAS authorisation. source |
| 2026-06-15 | Global | Hyperliquid | Hyperliquid | Hyperliquid updated its Terms of Use, restricting the US (including US persons abroad), Ontario and sanctioned territories such as Cuba, Iran, North Korea, Syria, Crimea, Donetsk and Luhansk. source |
| 2026-05-29 | United States | CFTC | sector | The CFTC approved KalshiEX's BTCPERP contract, a bitcoin perpetual tied to spot price, as a futures contract on a US designated contract market. source |
| 2026-05-29 | United States | CFTC | sector | CFTC staff confirmed certain crypto perpetuals on Coinbase's affiliated foreign board of trade may be treated as foreign futures, and gave Coinbase Financial Markets no-action relief on posting customer crypto as margin. source |
| 2026-05-21 | United Kingdom | FCA | Hyperliquid | The FCA added Hyperliquid (hyperfoundation.org, app.hyperliquid.xyz) to its warning list as an unauthorised firm (entry updated 7 June 2026). source |
| 2026-04-21 | Philippines | SEC Philippines | sector | The SEC issued an investor alert naming decentralised perps platforms dYdX, Aevo, gTrade, Pacifica, Orderly, Ostium and Deriv as unregistered; Hyperliquid was not named. source |
| 2026-04-01 | Australia | ASIC | sector | Parliament passed the Digital Assets Framework bill; digital asset platforms need an AFSL from about 12 months after Royal Assent. source |
| 2026-03-31 | United Arab Emirates | VARA | sector | VARA's Exchange Services Rulebook v2.1 set rules for crypto derivatives at licensed VASPs, capping retail leverage at 5:1 after suitability checks. source |
| 2026-02-24 | EU | ESMA | sector | ESMA said crypto perpetual futures are likely CFDs, so national CFD measures apply: retail leverage at EU firms capped at 2:1 with margin close-out and negative-balance protection. source |
| 2026-02-11 | Hong Kong | SFC | sector | The SFC let licensed VATPs offer perpetual contracts to professional investors only, with leverage, margin and liquidation controls. source |
| 2025-12 | Indonesia | OJK | sector | OJK Regulation 23/2025 allowed crypto derivatives only through OJK-supervised traders and bourses, with knowledge tests and segregated margin. source |
| 2025-11-10 | Brazil | BCB | sector | The Central Bank published VASP licensing rules; providers must file by 30 October 2026 and offshore firms must move onshore within 270 days. source |
| 2025-10 | India | FIU-IND | sector | Access was blocked to 25 more unregistered offshore exchanges, including BitMEX, BingX and Phemex. source |
| 2025-07 | Turkey | CMB (SPK) | sector | The CMB blocked 46 websites, including the decentralised exchange PancakeSwap, for unauthorised crypto-asset services. source |
| 2025-07-28 | Australia | ASIC | sector | ASIC warned investors that Bitget's crypto futures, with up to 125:1 leverage, were offered without an AFS licence. source |
| 2025-06-30 | Singapore | MAS | sector | Singapore firms offering digital-token services only to overseas customers had to be licensed under the FSMA or stop operating. source |
| 2025-06-28 | Thailand | Thai SEC | sector | The Thai SEC and Digital Economy ministry blocked unlicensed offshore exchanges Bybit, OKX, CoinEx, XT.COM and 1000X. source |
| 2025-03 | South Korea | FSC / KoFIU | sector | The FIU listed unregistered offshore exchanges and Google Play blocked 17 of them. source |
| 2025-02 | Japan | FSA | sector | The FSA asked Apple and Google to remove apps of unregistered exchanges Bybit, MEXC, LBank, KuCoin and Bitget. source |
| 2023-12 | India | FIU-IND | sector | FIU-IND sent compliance notices to nine offshore exchanges, including Binance and Kraken, and asked MeitY to block their URLs. source |
| 2022-12 | Canada | CSA | sector | The CSA said crypto trading platforms may not offer margin or leverage to Canadian users and set pre-registration undertaking deadlines, including for foreign platforms. source |
| 2021-09 | China | PBOC | sector | A PBOC-led notice declared all virtual-currency business illegal, including services by offshore exchanges to mainland residents. source |
| 2021-01-06 | United Kingdom | FCA | sector | FCA rules (PS20/10) banning the sale, marketing and distribution of crypto derivatives to retail consumers came into force. source |
| 2016-08-18 | Belgium | FSMA | sector | An FSMA rule banning distribution of leveraged OTC derivatives such as CFDs to retail clients via electronic platforms came into force. source |
"Hyperliquid" means the action names Hyperliquid; "sector" means a rule that affects crypto perpetuals generally.
Where Hyperliquid restricts users
Hyperliquid's Terms of Use restrict: Canada, Ukraine, United States, plus sanctioned countries and regions. See is Hyperliquid legal? and the country pages.
Methodology and citation
Entries come from regulator announcements and reputable news coverage; each links to its source. Journalists and researchers may cite this page; please link to it. Download the data as CSV on our press page. Corrections are welcome.