Bybit secures official registration in India, resumes full services, and ensures compliance with FIU regulations and reinforcing trust.
Bybit, a global cryptocurrency exchange, has officially registered with Indian authorities. The present achievement enables the platform to provide complete services for its current users. People can now return to trade opening features and access every Bybit product on February 25. The procedure to accept new user registrations will begin its gradual reactivation.
On January 12, 2025, the exchange stopped trade-making possibilities together with access to products for Indian users. Bybit restricted Indian user activities because of both initial platform constraints and current regulatory alterations affecting India. Through its dedication to market entry, Bybit has continued to fulfill local financial regulations. Since obtaining its official registration, the company will rebuild a smooth trading platform for its users.
Bybit Resumes Services After Meeting Compliance Standards in India
Bybit made progress toward market entry in India by obtaining registration from the Indian Financial Intelligence Unit (FIU). Bybit finished the exchange registration process on February 6th of 2025, following a major financial penalty. Bybit paid the fine because the company did not follow the Prevention of Money Laundering Act (PMLA) in India during previous operations. Bybit met all requirements, which enabled the platform to match the standards of Indian financial compliance regulations.
Bybit thanked its customers for enduring the short period of system disruption. The company guarantees traders’ full commitment to a secure and compliant trading environment. The official registration confirms Bybit’s dedication to running operations under India’s regulatory framework.
Bybit plans to increase its business activities across the Indian market sector. Once all services return, the exchange anticipates gaining new users who will help bolster its market standing in this region. Exchanges operating in India will need to focus on regulatory compliance because the cryptocurrency industry is developing.
Bybit’s successful market entry represents a favorable sign for traders who want to operate in the crypto space in India. The return indicates an industry-wide movement toward digital asset regulation across the market. The dedication of Bybit toward improving security and legal compliance measures should boost user trust among Indian consumers during the upcoming times.
Source: https://www.livebitcoinnews.com/bybit-expands-in-india-after-official-registration/