DubaiThe UAEand February 6, 2025 / PRNEWSWIRE/ – PipeThe second largest exchange of encrypted currency in the world through the trading volume, it was successfully recorded with FIU-IND, which enhances its commitment to organizational compliance in India. As part of this process, Bybit has settled the monetary fine and tackled it hard and resolved previous regulatory issues, indicating its dedication to transparency and the highest standards in the Indian market.
Bybit is committed to working within the organizational framework of India It takes compliance obligations seriously. We have worked hard with FIU-ID to address their fears and ensure a full commitment to the Law of Money Laundering (PMLA) and associated regulations. We realize the importance of strong measures to combat money laundering (“AML”) and combating terrorist financing (“” CFT “) and is devoted to supporting the highest standards in these areas.
We believe that our participation and cooperation during the FIU-IND registration process clarifies our commitment to compliance. We have worked actively to meet all the requirements necessary for compliance, including his registration request on June 26, 2024 As a virtual digital asset service provider (“” VDASP “) in India.
Bybit is also pre -emptive in the Indian encryption community to educate users and spread awareness. Bybit is currently a silver co -member with the Bharat Web3 (“BWA”). Through this partnership, we hope to use our Web3 adoption platform and enhance innovation in the Indian encryption ecosystem.
The Blockchain Non -profit initiative for BYBIT for Good Alliance (“BGA”) with Blockchain associations at the best universities such as Blockchain Association in Delhi and Blockchain Association in Iit Khargpur to lead encryption education in India. Bybit will also conduct a series of Hackings, workshops and other events in partnership with the best universities to enhance education and awareness in the Indian market in the coming months.
Bybit recognizes the great capabilities of the Indian market, and it is committed to providing the best services and products to all Indian users, including Spot, derivatives, options, bybit confer, and more.
About bybit
Bybit is the second largest exchange of cryptocurrency in the world through trading size, serving a global community of more than 60 million users. Founded in 2018, bybit redefines openness in the decentralized world by creating a simpler and equal environmental system for all. With a strong focus on Web3, Bybit is strategically inconsistent with the leading Blockchain protocols to provide a strong infrastructure and drive innovation on the chain. She is famous for her safe custody, various markets, anchor user experience, advanced Blockchain tools, embodies the gap between Trafi and Defi, empowering builders, creators, and lovers to cancel the full capabilities of Web3. Discover the future of decentralized financing in Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bit.co
For updates, please follow: Societies bybit and social media
dispute | Facebook | Instagram | LinkedIn | I responded | cable | Tikhak | x | YouTube
