{"id":11746,"date":"2025-02-06T16:50:12","date_gmt":"2025-02-06T16:50:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11746"},"modified":"2025-02-06T16:50:12","modified_gmt":"2025-02-06T16:50:12","slug":"crypto-exchange-bybit-receives-india-clearance-after-settling-1m-fine","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11746","title":{"rendered":"Crypto Exchange Bybit Receives India Clearance After Settling $1M Fine"},"content":{"rendered":"<div>\n<p>Crypto exchange Bybit completed registration with India&#8217;s Financial Intelligence Unit (FIU-IND) after <a href=\"https:\/\/pib.gov.in\/PressReleaseIframePage.aspx?PRID=2098153\" target=\"_blank\">agreeing to pay<\/a> a 92.7 million-rupee ($1 million) fine for operating in the country without authorization.<\/p>\n<p>The Dubai-based company said in January it would temporarily halt its services to Indian users <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/01\/10\/bybit-to-temporarily-halt-crypto-trading-in-india-citing-regulations\" target=\"_blank\">while it pursued the regulation process.<\/a> <\/p>\n<p>&#8220;As part of this process, Bybit has settled the monetary fine and diligently addressed and resolved prior regulatory matters,&#8221; <a href=\"https:\/\/www.prnewswire.co.uk\/news-releases\/bybit-registers-with-fiu-ind-and-commits-to-the-indian-markets-302370297.html\" target=\"_blank\">the company said on Thursday<\/a>. &#8220;We have been working diligently with the FIU-IND to address their concerns and ensure full adherence to the Prevention of Money Laundering Act (&#8220;PMLA&#8221;) and associated regulations.&#8221;<\/p>\n<p>In <a href=\"https:\/\/www.coindesk.com\/policy\/2023\/03\/08\/indias-crypto-businesses-handed-anti-money-laundering-obligations-for-first-time\" target=\"_blank\">March 2023, India mandated that crypto companies would have to register with the FIU<\/a>, which tackles anti-money laundering matters.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto exchange Bybit completed registration with India&#8217;s Financial Intelligence Unit (FIU-IND) after agreeing to pay a 92.7 million-rupee ($1 million) fine for operating in the country without authorization. The Dubai-based company said in January it would temporarily halt its services to Indian users while it pursued the regulation process. &#8220;As part of this process, Bybit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11746","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11746"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11746\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}