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Bybit Takes Major Step Forward: Secures MiCAR License in the EU

Bybit has officially enhanced its operations in Europe by obtaining a MiCAR license from the Austrian Financial Market Authority (FMA).

This milestone allows Bybit to function as a fully compliant crypto-asset service provider across the European Economic Area (EEA).

The MiCAR approval opens new opportunities for Bybit, potentially reaching nearly 500 million users across 29 countries.

As part of its expansion, Bybit is establishing its European headquarters in Vienna, demonstrating a significant commitment to the region.

The company plans to hire over 100 professionals to support its local initiatives, aligning with its growth strategy.

Ben Zhou, co-founder and CEO, emphasized the importance of compliance in Bybit's approach to ensuring user safety and access to their platform.

This move aligns with EU efforts to boost transparency and prevent illicit activities in the digital finance ecosystem.

By securing the MiCAR license, Bybit positions itself as a leading entity in the regulated crypto services sector across Europe.

The exchange’s strategic expansion reflects a broader trend among cryptocurrency platforms to prioritize regulatory compliance as they grow.

As more players seek to establish a foothold in the EU, Bybit's proactive measures set a robust example in navigating the evolving regulatory landscape.