Indian regulators fined Bybit $1.06 million and banned its website
2025-02-06 05:53:18
India financial intelligence newspaper department fiu ind violation countermeasure regulationdesk3cryptocurrencydesktopCrypto News
India's Financial Intelligence Unit (FIU-IND) has fined cryptocurrency exchange Bybit 927 million rupees (about $1.06 million) and banned its website for violating anti-money laundering regulations. Bybit is understood to be operating in India without obtaining the necessary registration formalities. FIU-IND took this action after finding multiple compliance violations.
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