Cryptocurrency exchange Bybit has resumed its operations in India after registering with local authorities. This happened after the Indian Financial Intelligence Unit fined the company 9.27 crore rupees for violating the Prevention of Money Laundering Act. The exchange had suspended its services in India citing issues with compliance with local requirements, including mandatory registration. Bybit continues to operate on 1174 markets, serving over 60 million users globally.
2/26/2025 10:06:53 AM (GMT+1)
Bybit resumed operations in India after registration with authorities, restoring services for users after the fine for violating anti-money laundering legislation
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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