The registration follows Bybit’s January 31st penalties of 9.27 crore rupees ($1.06 million).
Bybit was hacked on February 21, 2025, by the North Korean-affiliated Lazarus Group.
In a statement made on February 25, Bybit said that it had registered with the Indian government and that all services had been restored to customers in the nation. The registration follows Bybit’s January 31st penalties of 9.27 crore rupees ($1.06 million) for a violation of the Prevention of Money Laundering Act (PMLA) by India’s Financial Intelligence Unit (FIU).
The cryptocurrency exchange had already cut off services to the nation a few weeks before the penalties, stating that they were concerned about not complying with the Indian government’s regulations.
According to the fine and violation report, Bybit continued to grow its services in the Indian market without registering with the FIU-IND, which is obligatory. In order to halt activities under the Information Technology Act, F
We współpracy z: https://thenewscrypto.com/bybit-resumes-operations-in-india-post-registering-with-authorities/
