BYBT has announced that it resumes full crypto trading services in India after months of regulatory friction, after paying a fine of $ 1 million and registered in the country’s financial watchdog to regain compliance.
The Dubai-based Crypto Exchange said in a press release that Indian users now have full access to its mobile app via the App Store and Google Play, with the phase restoration of its site expected in the coming days.
This follows the platform’s suspension of most services in January 2025, excluding withdrawals, after the Economic Intelligence Unit India (Fiu-in) Determined that it had worked without proper registration according to rules for money laundering.
To return to the market, BYBT registered with FIU-IND as a reporting unit before the originally restored operations in the country in February. Full Restoration, Company Detailed, required months of coordination with regulators and implementation of stricter know your customer (Kyc) and security protocols.
“India is among the most promising digital asset markets globally,” said Bybit CEO Ben Zhou. “It’s not a comeback, it’s a new chapter for Bybit in India.”
BYBT, together with Binance and OKX, is one of the largest cryptocurrency -trading platforms in the world when measured by trading volume, according to Coindesk Data’s latest Exchange Review report.
