Bybit received a license in Cyprus

bybit7 min
bybit7 min

Cryptocurrency exchange Bybit has announced that it has received a license to provide services for the exchange and storage of digital assets in Cyprus. CoinDesk writes about it.

The move demonstrates the company’s commitment to complying with local regulations, according to the statement.

“We wholeheartedly support the goal of regulation – to create a cryptocurrency industry that is both interoperable, secure and transparent,” said Ben Zhou, CEO of the exchange.

Previously, Bybit was licensed to operate and store digital assets platform from AFSA.

Recall that in the fall of 2022, Binance became the owner of a digital asset provider license from the Cyprus regulator. However, in June 2023, the company withdrew the registration.

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