The leading cryptocurrency exchange Bybit, has announced fully restoring its services for users in India. On 8th September, the company said that Indian users could now use all trading products on its exchange platform.
This news comes after Bybit had trouble with regulations in India. The exchange stopped its business in the country in January 2025 due to compliance issues with local law, specifically because it was operating without proper registration under the Prevention of Money Laundering Act (PMLA). For these violations, India’s Financial Intelligence Unit (FIU) fined Bybit about $1.06 million and halted its presence in the country.
In the official release, the exchange said it has paid the fine and registered with the FIU, which means that its operations are now in line with Indian rules.
“India is among the most promising digital asset markets globally,” said Ben Zhou, Co-founder and CEO of Bybit. “We are excited to resume normal business and reaffirm our devotion to delivering Indian users with secure, transparent, and world-class cryptocurrency experiences. It’s not a comeback; it’s a new chapter for Bybit in India.”
“We are thrilled to provide Indian users with a smooth and compliant trading experience. Our vision is not limited to trading. We are committed to building India’s rapidly expanding crypto ecosystem through mass education, strategic partnerships, and community-led initiatives.” added Vikas Gupta, Country Manager of Bybit India.
Earlier this year, in February, Bybit was hacked. The exchange lost more than $1.5 billion worth of ETH, making it one of the biggest crypto hacks to date. The breach of his cold wallet shook the whole crypto community, and the attacker was thought to be the infamous Lazarus Group from North Korea.
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