The Indian authorities approved Bybit’s operations which made it possible for the cryptocurrency exchange to resume its services in the country. Bybit can reopen its services for all existing users and slowly bring new clients onto the platform.
The exchange reveals that existing users now have complete trading access to all products while new trade opening resumes on February 25. The platform will gradually enable new user registration as its services resume on the specified day. Bybit stated:
“We are thrilled to share some great news with our Indian users. Bybit is officially registered with the Indian authorities.”
Bybit Overcomes Regulatory Hurdles in India
After surviving strict Indian laws Bybit reactedivate its services in this market. In January 2025 the exchange needed to stop operating because it did not follow the required rules of the Prevention of Money Laundering Act (PMLA). The Financial Intelligence Unit imposed $1.06 million penalty on Bybit India because it failed to register their operations before operating.
After receiving the penalty Bybit worked fast to match Indian legal rules for business and became properly registered with the FIU while following all official rules. Bybit demonstrates its dedication to following Indian laws through its submission to local registration and open business methods.
How Bybit Ensured User Funds Remained Secure
Bybit earned new regulations during a security incident. On February 1st, hackers gained access to Bybit wallet data and stole Ethereum. Although the attack caused issues, the company proved to users that their money was protected and fully covered.
🚨 Exciting News, Traders! 🚨
🎉 Bybit is NOW Officially Registered with Indian Authorities! 🎉
✅ Full services are now restored as of Feb 25, 6:00 UTC!
Trade freely with new positions, open/close orders, and full account management — no more "Close-Only" mode! 🚀
🙏 Thank… pic.twitter.com/a4iBlseVjj
— Bybit South Asia (@BybitSouthasia) February 25, 2025
Bybit assures users that their security priority has not changed and new protective measures are now in place to stop any more stolen funds.
Bybit shows appreciation to its Indian customers for being patient during service limitations. Thank you for tolerating our short service interruption with your business. Our focus remains on securing your trades while offering the complete Bybit services to our users.
Bybit Competes with Binance for Market Dominance
The company offers these services again as India continues to develop its cryptocurrency market. Bybit and other exchanges aim to capture more market share by building their business to rival Binance as the cryptocurrency industry continues growing.
Bybit plans to develop its global business operations through India’s strategic importance. The country represents a key trading ground for cryptocurrencies because traders are expanding their portfolios despite controllers maintaining regulations.
Bybit Expands Services to 60 Million Users Worldwide
Bybit delivers its services to more than 60 million customers across 1,174 global markets today. The company improves its standing in leading financial centers when it follows Indian regulations. Bybit’s returning to India shows that businesses in the cryptocurrency market must follow India’s financial rules as this sector develops further.
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Indian traders can trust the exchange because it maintains trading standards accepted by market authorities. Bybit is ready to benefit from India’s growing crypto trading market as it maintains its permanent position in this market.
Conclusion
Bybit restored its operations in India because it wants to prove its dedication to safety and rules in the Indian crypto market. The exchange will rebuild its activity in India to develop its place within India’s expanding crypto business sector. Bybit can expand its market presence following its official license and presents safe trading options to its customers.
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FAQs
1. Why did Bybit suspend services in India?
Bybit halted its business operations in January 2025 because it violated PMLA rules in India.
2. Is Bybit fully operational in India now?
Yes, Bybit restored all services on February 25, and new user onboarding is resuming.
3. Was user security affected by the breach?
No, Bybit assured that all user funds remained secure and fully backed.
Glossary Of Key Terms
Cryptocurrency Exchange – A platform for trading digital assets.
Bybit – A global crypto trading platform.
FIU – India’s regulator for financial crime.
PMLA – Indian law against money laundering.
Security Breach – Unauthorized access or theft of assets.
Reference
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You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
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