Coinspeaker
14 February 2025
1 0

Bybit Removed From France’s Financial Blacklist, Pursues MiCA License

Bybit's Regulatory Update in France

Bybit has been removed from France's financial regulatory blacklist after addressing compliance issues flagged by the Autorité des Marchés Financiers (AMF) in 2022. This change facilitates Bybit's plans for European expansion under the Markets in Crypto Assets (MiCA) framework.

  • Bybit previously faced warnings from the AMF regarding its unauthorized operations.
  • The exchange exited the French market in January due to stricter regulations but may plan a return.
  • CEO Ben Zhou confirmed ongoing collaboration with French regulators and pursuit of a MiCA license.
  • A MiCA license would enable Bybit to offer regulated services across the EU.
  • Despite improvements in France, Bybit still faces challenges in Malaysia and India due to regulatory issues.

Competition for MiCA Compliance

  • Bitget is also pursuing a MiCA license after gaining approval to operate in Bulgaria.
  • Other exchanges, including OKX, have secured full MiCA licenses for EU operations.
  • Coinbase and Crypto.com are delisting non-compliant assets to align with MiCA regulations.