Indian regulator fines Bybit $1.06 million and blocks its website
the Financial Intelligence Unit of India (FIU-IND) has imposed a fine of INR 927 crore (approximately USD 1.06 million) on the cryptocurrency exchange Bybit for violating anti-money laundering regulations and has blocked its website. It is reported that Bybit was operating in India without obtaining the necessary registration procedures. After discovering multiple compliance violations, FIU-IND took this action.
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