The second-largest cryptocurrency exchange, Bybit, is re-entering the Indian market after completing its registration with India's Financial Intelligence Unit (FIU) and paying a $1 million fine. Last month, Bybit suspended its services in India due to a failure to register with the FIU as required by anti-money laundering regulations. Bybit has now informed its users that it has settled the fine and addressed previous regulatory issues, demonstrating its commitment to transparency and compliance. The exchange has been working to comply with necessary regulatory requirements, including its Virtual Digital Asset Service Provider (VDASP) registration application.



Other News from Today