Bybit Gains Crypto License in Cyprus
Bybit, a cryptocurrency exchange, announced on Monday that it had been granted a licence in Cyprus for the provision of custody and exchange services for digital assets.
The company, which has its headquarters in Dubai, claimed the action demonstrates its dedication to following local laws. After facing regulatory scrutiny in Japan and leaving Canada and the United Kingdom, the exchange’s presence in the European Union (EU) is now stronger thanks to the licence.
(With inputs from Shikha Singh)
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