Bybit has announced that it will resume the complete cryptography trade services in India after months of regulatory friction, after paying a fine of $ 1 million and registering with the country’s financial control agency to recover compliance.
Crypto Exchange, based in Dubai, said in a press release that Indian users now have full access to their mobile application through App Store and Google Play, with the gradual restoration of their website expected in the next few days.
This follows the suspension of the platform of most services in January 2025, excluding retreats, after the Financial Intelligence Unit-India (Fiu-ind) Determined that he had been operating without the proper registration under the rules against money laundering.
To return to the market, Bybit registered in FIU-Ind as an informant entity before initially restoring operations in the country in February. Complete restoration, the detailed company, required months of coordination with the regulators and the implementation of Stricter knows its client (KYC) and security protocols.
“India is among the most promising digital asset markets worldwide,” said the CEO of Bybit Ben Zhou. “It is not a return, it is a new chapter for Bybit in India.”
Bybit is, together with Binance and OKX, one of the world’s largest cryptocurrency trade platforms when measured by negotiation volume, according to the latest Coindesk Data exchange review report.
