The post Bybit Removed from France’s AMF Blacklist After Two Years of Compliance Efforts appeared first on Coinpedia Fintech News
In a latest development, Bybit has been taken off France’s Autorité des Marchés Financiers (AMF) blacklist, a company executive confirmed. The platform had been had been on the blacklist since May 2022 for failing to meet local regulations.
Bybit CEO Ben Zhou announced on February 14 that the exchange has been working with the French regulator for over two years to address compliance issues and is now working to secure a Markets in Crypto-Assets Regulation (MiCA) license for the European Union.
The exchange still faces regulatory challenges internationally. In Malaysia, the securities regulator ordered Bybit to stop operations, and in India, it had to suspend its services due to regulatory pressure.