Crypto exchange Bybit has registered with India's Financial Intelligence Unit (FIU), a crucial step towards resuming full operations in the country. Bybit expects to receive its full operational license in the coming weeks. The company is also seeking a Virtual Digital Asset Service Provider (VDASP) license to gain complete access to India's crypto market. Bybit had faced regulatory issues, resulting in a temporary halt of its services in India. As part of the registration process, the exchange has paid a fine of $1.06 million for previous violations. Bybit has resolved its compliance issues and is committed to working closely with Indian authorities. The move comes as India tightens regulations on the crypto industry, with other exchanges like Binance and KuCoin resuming operations after securing regulatory approval.



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