Indian regulators fined Bybit $1.06 million and banned its website "

Crypto 7x24

2025-02-06 16:11:24

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Internet reports that the Indian Financial Intelligence Unit (FIU-IND) fined cryptocurrency exchange Bybit 927 million rupees (approximately US$1.06 million) and banned its website for violating anti-money laundering regulations. It is reported that Bybit started business in India without obtaining the necessary registration procedures. FIU-IND took this action after discovering multiple compliance violations.

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