DUBAI, UAE, Feb. 6, 2025 — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially registered with FIU-IND, demonstrating its commitment to regulatory compliance in India. This includes resolving outstanding regulatory issues and paying any associated fines, showcasing its dedication to transparency and high standards within the Indian market.

Bybit is dedicated to adhering to India’s regulatory framework and takes its compliance responsibilities seriously. We’ve collaborated closely with FIU-IND to address their concerns and ensure full compliance with the Prevention of Money Laundering Act (“PMLA”) and related regulations. We understand the significance of robust Anti-Money Laundering (“AML”) and Combating the Financing of Terrorism (“CFT”) measures and are committed to upholding the highest standards in these areas.

Our engagement and cooperation throughout the FIU-IND registration process clearly demonstrates our commitment to compliance. This includes submitting our registration application as a Virtual Digital Asset Service Provider (“VDASP”) in India on June 26, 2024, and fulfilling all subsequent requirements.

Bybit actively participates in the Indian crypto community, promoting education and awareness. We are currently a Silver Associate Member of the Bharat Web3 Association (“BWA”), leveraging our platform to encourage Web3 adoption and innovation within the Indian crypto ecosystem.

Our non-profit initiative, the Blockchain for Good Alliance (“BGA”), has partnered with blockchain societies at leading universities, such as the Blockchain Society of IIT Delhi and Blockchain Society of IIT Kharagpur, to advance crypto education in India. We will also be hosting hackathons, workshops, and other events in collaboration with top universities to foster crypto and blockchain education and awareness in the Indian market in the coming months.

Bybit recognizes the significant potential of the Indian market and is committed to providing top-tier services and products to Indian users, encompassing Spot, Derivatives, Options, Bybit Earn, and more.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at .

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