Bybit Resumes Full Access for Indian Users in Compliance with FIU-IND and PMLA

Sponsored
Sponsored
Bybit, a globally recognized crypto exchange, has resumed full access for Indian users through its Bybit app store and Google Play for seamless crypto trading and other related services. This marks a significant milestone in Bybit’s long-lasting commitment to the Indian crypto market. During this time, access to the Bybit website will be provided to users in steps and hopefully available within the next 3-4 days.

https://twitter.com/Bybit_Official/status/1965003852651823518?ref_src=twsrc%5Etfw” target=”_blank” rel=”noopener nofollow

This will show Bybit’s dedication to trust, transparency, and security for Indian users, and in response, it will increase the number of Indian users. Bybit has already taken crucial steps in the early months of his year, by registering with the Financial Intelligence Unit-India (FIU-IND) in January 2025. The primary objective of this step is to ensure that all activities are under control with India’s Prevention of Money Laundering Act (PMLA).

Bybit Unveils New Chapter in India with Full Trading Services

Bybit has resumed facilitating services such as Spot, Derivatives, Options, and Copy Trading to Indian users with authentic Know Your Customer (KYC) methods and enhanced security measures. Working was initially restored on February 25, 2025, where verified users could access all trading functionality. Complete working of the website and app was brought to life only after a huge interaction with authorities, which has been successfully done now.

In addition, remarking on the announcement, Ben Zhou, Co-founder and CEO of Bybit, said: “We are excited to resume normal business and reaffirm our devotion to delivering Indian users with secure, transparent, and world-class cryptocurrency experiences. It’s not a comeback; it’s a new chapter for Bybit in India.”

Bybit Focuses on Safety and Ecosystem Growth

In short, the only reason behind this step is to provide enough security and protection to users while trading in crypto with transparent and error-free services. Hence, the main purpose is to expand the crypto ecosystem throughout India and make it a community-led initiative for Indian users. At the same time, they keenly observe the minute ups and downs for users ‘privacy and try to build a strong and trusted image among users.

At this, Vikas Gupta, Country Manager of Bybit India, further gives remarks, “We are thrilled to provide Indian users with a smooth and compliant trading experience. Our vision is not limited to trading. We are committed to building India’s rapidly expanding crypto ecosystem through mass education, strategic partnerships, and community-led initiatives.”

Go to Source
Author: NixCoin

kryptonew

Recent Posts

Bitcoin Price Bounces as Nasdaq Soars, KOSPI Rebounds, and FOMC Hike Fears Persist

Bitcoin price is recovering toward $81,000, gaining nearly 2% as buyers return ahead of the…

2 hours ago

Ripple’s RLUSD Wins Moody’s Rating as XRP Faces a Bigger Question: Who Captures the Value?

Ripple’s RLUSD just secured a major institutional credibility boost, earning Moody’s A2 long-term deposit rating…

3 hours ago

DOJ Charges Six in Alleged NFT Fraud as Crypto Scam Crackdown Widens

Key Highlights The US Department of Justice charged six individuals accused of running an NFT…

9 hours ago

Crypto.com Launches Regulated Crypto Perpetuals for US Traders

Key Highlights Crypto.com and OG.com launched continuous, non-expiring crypto perpetual contracts for eligible U.S. traders…

9 hours ago

Circle, ACI Explore USDC Settlement in Colombia’s Payment Network

AI SummaryShowCircle and ACI pilot USDC settlement in Colombia, signalling stablecoins’ entry into traditional real‑time…

9 hours ago

CFTC Reopens Polymarket Probe Over Possible Breach of US User Ban Deal

AI SummaryShowCFTC’s renewed probe could force stricter user‑location verification, prompting industry‑wide compliance upgrades.Potential enforcement may…

9 hours ago

This website uses cookies.

Read More