Tag: FIU-IND

  • Bybit Resumes Operations in India After Paying $1M Fine

    Bybit Resumes Operations in India After Paying $1M Fine

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    by

    Oscar

    Dubai-based cryptocurrency exchange Bybit has officially registered with India’s Financial Intelligence Unit (FIU-IND) after paying a hefty fine of ₹92.7 million ($1 million). The penalty was imposed due to Bybit operating without authorization, violating India’s Prevention of Money Laundering Act (PMLA). Suspension and Compliance Efforts In January 2025, Bybit halted services for Indian users while…