Crypto Exchange Bybit Is No Longer Operating Illegally in France

After much than 2 years of moving with the French regulator, Bybit has travel disconnected France AMF's blacklist, the CEO of the speech said.

Feb 14, 2025, 4:03 p.m. UTC

Crypto speech Bybit is nary longer illegally operating successful France successful the eyes of the country's fiscal regulator, its CEO said Friday.

The speech was connected France's regulatory blacklist for much than 2 years, Ben Zhou, the CEO of Bybit, said in an X station connected Friday.

"After much than 2 years of moving with the French regulator done aggregate remediation efforts, BYBIT is present officially removed from France AMF blacklist," helium said.

A hunt of the Autorite des Marches Financiers (AMF) database confirms that Bybit, the 2nd largest planetary speech by volume, is nary longer connected the blacklist.

Just past May the regulator was advising radical that Bybit was not registered to run successful the state and encouraged investors to marque arrangements truthful that the level yet "ceases." Soon aft the notice, Bybit said it would halt offering products to French nationals.

But present the exchange's CEO is hopeful it volition beryllium capable to get a Markets successful Crypto Assets licence (MiCA).

"MiCA licence next," Zhou said connected X. Companies are striving to get the coveted MiCA license, which would fto them run crossed the 30 European Economic Area nations.

The Dubai-based speech knows however to marque a comeback aft receiving warnings from regulators. Recently, Bybit managed to secure a license successful India aft paying a $1 cardinal fine.

Neither Bybit nor the AMF returned requests for comment.

Camomile Shumba

Camomile Shumba is simply a CoinDesk regulatory newsman based successful the UK. Previously, Shumba interned astatine Business Insider and Bloomberg. Camomile has featured successful Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner. Shumba studied politics, doctrine and economics arsenic a combined grade astatine the University of East Anglia earlier doing a postgraduate grade successful multimedia journalism. While she did her undergraduate grade she had an award-winning vigor amusement connected making a difference. She does not presently clasp worth successful immoderate integer currencies oregon projects.