Global cryptocurrency exchange Bybit announced on Monday that it has fully resumed operations in India after months of regulatory challenges. Indian users now have complete access to all platform functionalities through mobile apps available on both the App Store and Google Play, with full website functionality expected to roll out completely over the next three to four days.
The restoration follows extensive discussions with regulators and compliance with India's Prevention of Money Laundering Act (PMLA). Bybit has registered with the Financial Intelligence Unit-India (FIU-IND) as a reporting entity and paid a $1 million fine to secure official approval to operate in the market. The exchange had previously suspended most services in January 2025, excluding withdrawals, after FIU-IND determined it had been operating without proper registration under anti-money laundering rules.
Bybit Co-founder and CEO Ben Zhou stated: "India is among the most promising digital asset markets globally. We are excited to resume normal business and reaffirm our devotion to delivering Indian users a secure, transparent, and world-class cryptocurrency experience. It's not a comeback, it's a new chapter for Bybit in India."
The exchange has implemented stricter Know-Your-Customer (KYC) verification requirements for all users as part of its enhanced compliance efforts. Bybit is ramping up its presence in India through new initiatives, including sponsoring the Indian Blockchain Tour, Metamorphosis, scheduled for September 27-28, and launching its World Series of Trading (WSOT) 2025 with rewards and incentives for users.