by aria-crypto.com
February 5, 2025 at 10:06
Bybit Secures Registration with Indian Regulator, Eyes Full VDASP License
Bybit crypto exchange has officially registered with India's Financial Intelligence Unit (FIU) following past compliance challenges. This comes after the exchange had to temporarily suspend its operations in India due to regulatory issues. The registration is part of Bybit's efforts to obtain a Virtual Digital Asset Service Provider (VDASP) license in India. The application for the VDASP license was submitted on June 26, 2024. According to Bybit's announcement on February 5, the successful registration marks a significant step towards resuming full services in the country. Bybit's country manager for India, Vikas Gupta, expressed optimism that the exchange would acquire the full operations license in the forthcoming weeks. This development signifies a potential turn-around in Bybit's operations within the Indian market.
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