Cryptocurrency exchange Bybit said on Feb. 6 that it has successfully registered with the Indian Financial Intelligence Unit, underscoring its commitment to regulatory compliance in India. The exchange said it has resolved prior regulatory matters and paid a monetary fine, demonstrating its dedication to transparency and high standards. The announcement came hours after the Indian Finance Ministry blocked the exchange, alleging violations of anti-money laundering (AML) laws. Bybit said it is committed to adhering to the Prevention of Money Laundering Act (PMLA) and upholding robust AML and Combating the Financing of Terrorism (CFT) measures. Bybit is also actively involved in the Indian cryptocurrency community, partnering with the Bharat Web3 Association (BWA) and universities to promote cryptocurrency education.
Bybit Addresses AML Concerns After India Block
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