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CoinDesk - by layer3.news
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2025-02-06 16:44:47
in reply to nevent1q…5ama

Crypto Exchange Bybit Receives India Clearance After Settling $1M Fine


CoinDesk (nprofile…nhef)
✍️ Bybit, a Dubai-based crypto exchange, completed registration with India's Financial Intelligence Unit (FIU-IND) after paying a 92.7 million-rupee ($1 million) fine for operating without authorization.
👉 Bybit completed registration with FIU-IND
👉 Paid a 92.7 million-rupee ($1 million) fine for operating without authorization
👉 Temporarily halted services to Indian users
👉 Settled the fine and resolved prior regulatory matters

#India #Dubai #technology
CoinDesk (nprofile…nhef)

The fine was levied by the FIU-IND last week.
https://www.coindesk.com/policy/2025/02/06/crypto-exchange-bybit-receives-india-clearance-after-settling-usd1m-fine

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