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Bybit Secures Crypto Exchange and Custody License in Cyprus, Strengthens EU Presence

June 26 (Cointime) - Bybit, a crypto exchange based in Dubai, has obtained a license for crypto exchange and custody services in Cyprus. The move demonstrates the company's commitment to complying with local regulations and strengthens its presence in the European Union.

Bybit's CEO, Ben Zhou, stated that the license is a testament to the company's dedication to adhering to robust regulatory frameworks while expanding globally. Cyprus is one of the EU members that have introduced an advance registration regime before the implementation of the Markets in Crypto Assets regulation in 2024.

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