Cryptocurrency exchange Bybit has officially registered with Indian authorities, allowing it to resume full operations in the country, as stated in a February 25 announcement.
Notably, existing Indian users can now access all Bybit services, including trading and other platform features, while new user onboarding will gradually commence.
Bybit had temporarily halted some services as it worked to comply with local regulatory requirements. With its registration now secured, the exchange reaffirms its commitment to providing a secure and compliant trading experience for Indian users.
“We sincerely thank our users for their patience and understanding during this brief disruption,” the exchange company stated in the announcement. “We are excited to continue offering the full range of Bybit services in India.”
Bybit Commits to Compliance and Market Impact
Bybit’s regulatory approval comes amid increased scrutiny of cryptocurrency exchanges in India. The country has implemented stringent compliance measures, including mandatory registrations and tax regulations for digital asset platforms.
In our previous article, Bybit officially registered with India’s Financial Intelligence Unit (FIU-IND) after resolving regulatory disputes. The exchange previously faced a $1.06 million fine for non-compliance with the Prevention of Money Laundering Act (PMLA).
Notedly, its website was blocked under the IT Act, 2000, leading to a temporary suspension of services.
By securing this latest official registration, Bybit aligns itself with these evolving requirements, ensuring uninterrupted services for its users.
India’s cryptocurrency market has seen rapid growth despite regulatory uncertainties. The return of a major exchange like Bybit is expected to enhance liquidity and trading activity, benefiting both retail and institutional investors.
What Users Need to Know
- Existing users can now access all trading features and products.
- New users will be onboarded gradually starting today.
- Regulatory compliance ensures a secure and legally compliant trading environment.
Bybit’s reinstatement in India strengthens its global presence and reinforces its dedication to adhering to local financial regulation
