Bybit has announced that he is taking over complete crypto trading services in India after months of regulatory friction, after having paid a fine of $ 1 million and registering with the country’s financial guard dog to regain compliance.
The Crypto Exchange, based in Dubai, said in a press release that Indian users now have full access to its mobile application via the App Store and Google Play, with a progressive restoration of its expected website in the coming days.
This follows the suspension of the platform of most of the services in January 2025, excluding withdrawals, after the financial-indeed intelligence unit (FIU-Ind) Determined that he had worked without appropriate recording under the rules for the fight against money laundering.
To return to the market, the UBIT registered with FIU-Ind as a declaration of declaration before initially restoring operations in the country in February. Complete restoration, the detailed company, months of coordination required with regulators and the implementation of strict Know your customer (KYc) and safety protocols.
“India is among the most promising digital asset markets in the world,” said bybit CEO, Ben Zhou. “It’s not a return, it’s a new chapter for Bybit in India.”
Bybit is, with Binance and Okx, one of the largest trading platforms in cryptocurrency in the world when they are measured by the volume of negotiation, according to the last Exchange examination report.
