Bybit, one of the leading crypto exchanges in the world, has taken an important step towards expanding its presence in the Indian market. The company has successfully registered with the Financial Intelligence Unit of India (FIU), a key regulatory body responsible for overseeing digital asset transactions.

As part of the settlement of disputes with Indian regulators, Bybit has demonstrated its commitment to strict requirements and transparency in its work. The new FIU status allows the exchange to officially provide services to local users, ensuring compliance with all legal regulations. The exchange is also applying for a Virtual digital Asset Service Provider (VDASP) license in India, so it applied for registration on June 26, 2024.

According to analysts, this step strengthens the trust of investors and customers, as well as opens up additional prospects for further expansion in the region, where the crypto industry is growing rapidly. Bybit continues to invest in innovative technologies and improve its internal processes to meet global regulatory standards.