Crypto Exchange Bybit is no longer illegally operating in France in the eyes of the country’s financial regulator, his CEO said Friday.
The exchange was on the blacklist regulatory of France for more than two years, said Ben Zhou, CEO of Bybit, in an X position on Friday.
“After more than two years of working with the French regulator through multiple remediation efforts, Bybit now officially eliminated the blacklist of France AMF,” he said.
A search in the Financiers database authorite des marches (AMF) confirms that Bybit, the second largest global exchange by volume, is no longer on the blacklist.
Last May, the regulator advised the people that Bybit was not registered to operate in the country and encouraged investors to make arrangements so that the platform finally “ceases.” Shortly after the warning, Bybit said he would stop offering products to French nationals.
But now the Exchange CEO has the hope that you can get a market in the Crypto Assets License (MICA).
“Mica license below,” Zhou said in X. Companies strive to obtain the coveted Mica license, which would allow them to operate in the 30 European nations in the economic area.
Dubai -headed exchange knows how to return after receiving warnings from regulators. Recently, Bybit managed to ensure a license in India after paying a fine of $ 1 million.
Neither bybit nor the AMF returned the requests for comments.
