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Indian regulators issue $1.06 million fine to Bybit and ban its website
Editor
2025-02-06 14:01 3,969
Golden Finance reported that the Indian Financial Intelligence Agency (FIU-IND) fined cryptocurrency exchange Bybit 927 crore (about 1.06 million US dollars) for violating anti-money laundering regulations and banned its website. It is reported that Bybit operates in India without obtaining the necessary registration procedures. FIU-IND took this action after multiple compliance violations were discovered.
Keywords: Bitcoin
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