Bybit Resumes Full Crypto Trading Services in India After Regulatory Compliance
Bybit has resumed full crypto trading services in India after resolving regulatory issues. Key points include:
- Payment of a $1 million fine and registration with the Financial Intelligence Unit-India (FIU-IND) for compliance.
- Indian users can access the mobile app via the App Store and Google Play, with website restoration expected soon.
- Bybit had suspended most services in January 2025 due to operating without proper registration under anti-money laundering rules.
- The return involved coordination with regulators and implementing stricter Know Your Customer (KYC) and security protocols.
- Bybit is among the largest global cryptocurrency trading platforms by trading volume, alongside Binance and OKX.