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Bybit, a cryptocurrency exchange, has been able to completely resume operations in India after successfully registering with Indian authorities. The company declared on February 25 that although new user onboarding would eventually resume, current users could continue trading.
“We are thrilled to share some great news with our Indian users. Bybit is officially registered with the Indian authorities,” the exchange stated.
The announcement follows a difficult time for Bybit in India. Because of regulatory problems, the exchange suspended operations in January 2025. In particular, it was not properly registered under the PMLA (Prevention of Money Laundering Act). Consequently, Bybit was fined $1.06 million by India’s Financial Intelligence Unit (FIU). Since then, the business has paid the fee and finished registering, guaranteeing adherence to Indian laws.
Bybit’s return to India comes after a recent security incident in addition to regulatory obstacles. Hackers stole Ethereum from one of its wallets in February. The exchange reassured users that all funds were safe and fully backed in spite of the incident.
Bybit reiterated its emphasis on compliance and security while thanking users for their patience during the service outage.
“We sincerely thank you for your patience and understanding during this brief disruption. As always, we remain committed to providing a secure and compliant trading experience for our users, and we’re excited to continue offering you the full range of Bybit services,” the company stated.
With its regulatory status secured, Bybit is now poised to strengthen its position in the Indian market while reinforcing its commitment to security and compliance.