Bybit, the world's second-largest cryptocurrency exchange by trading volume, has successfully registered with India's FIU-IND, emphasizing its regulatory commitment and the importance of compliance in the Indian market.
Bybit's Registration and Compliance in India
Bybit has registered with India's FIU-IND, ensuring its commitment to the country’s regulatory requirements. As part of this process, the company settled a monetary fine and thoroughly addressed previous regulatory issues, demonstrating a commitment to transparency and high standards in the Indian market. Bybit has been actively working with FIU-IND to ensure full compliance with the Prevention of Money Laundering Act (PMLA) and associated regulations.
Educational Initiatives and the Crypto Community
Bybit is actively engaged with the Indian crypto community and is committed to spreading awareness and knowledge in the field of cryptocurrencies. The company is a Silver Associate Member of the Bharat Web3 Association (BWA) and is collaborating with top Indian universities like IIT Delhi and IIT Kharagpur to promote educational initiatives. Bybit plans to conduct a series of hackathons, workshops, and other events to enhance crypto and blockchain awareness in the Indian market.
Future Prospects and Plans for Bybit in India
Bybit recognizes the immense potential of the Indian market and is dedicated to offering the best services and products to all Indian users. The company plans to expand in areas like spot trading, derivatives, options, Bybit Earn, and others. Bybit continues to invest in innovation and education, strengthening its foothold in India's market.
With successful registration with FIU-IND and active involvement in educational initiatives, Bybit demonstrates its commitment to the Indian market, regulatory compliance, and raising awareness in the crypto industry.
