Bybit pays Rs. 9.27 Crore Penalty, Completes Fiu-Ind Registration

Bybit pays Rs. 9.

27 Crore Penalty, Completes Fiu-Ind Registration

Bybit on Thursday announced that it has settled a monetary penalty imposed on the crypto firm, by India’s financeial intelligence unit (fi-ind). The Dubai-Based Crypto Exchange has also registered with the fiu-in and revised that it will ramp up initiatives to Spread Crypto Awareness in India and Work With Education Lockchain Technologies. Bitget, Liminal Custody, And Binance Aree Crypto Firms that have also Registered with the Fiu-Ind after Made Made Mandatery for all firms offering crypto services in that the couple It resolves prior regulatory lapsesest month, the crypto exchange informed Its customers in India that it was temporarily halting its services in the country. Soon after, The Fiu-Ind Announced that bybit was not in compliance with the prevention of money laundering act (PMLA). Bybit was directed to pay a rs. 9.27 Crore Penalty by the regulator.in its announcment by We have ben actively working to full all necessary requirements for compliance, Including its registration application Id in its statement.Now that the exchange is registered with the FIU, it is expected to restart its services only in India. According to its announs, bybit said it will be offering spot, derivatives, and options trading services to its Indian users.bybit was founded in 2018 by ben zhou. The dubai-headquartered Crypto Company Says That It Caters to Over 40 Million users globally.The exchange’s not-for-protrient-Blockchain for Goa Alliance (Blockchain) in and crypto initiatives for students in the country. The exchange has disclosed that bga has alredy partnered with the blockchain-focused socketies in institutes like IIT Delhi and IIT Kharagpur, to ACCELERETE EDUCAMMES CECERAMMES CE “Bybit will also be conducting a series of hackathons, workshops, and other events In Partnership with Top Universities to Foster Crypto and Blockchain Education and Awareness with the Indian Market in the Coming Months, ”The Exchange Said.in Addition, The Exchange SAID IS A Member of the Bharat Web3 Bwa), which is an independent crypto Advisory Body Headed By Former Ficci Secretary General, Dilip Chenoy.AS PART of this member, the exchange will adhere to the self-loys guidelines that the bwa haas for crypto businesses in India. These include the “cybersecurity and fare-trading guidelines,” and token listing rules laid out by the bwa in recent months. (Tagstotranslate)

Credit-Read More

// Function to fetch the latest posts
function fetchLatestPosts() {
const feedUrl = ‘https://newskiosk.pro/feed/’; // Replace with your blog’s RSS feed URL
fetch(feedUrl)
.then(response => response.text())
.then(str => new window.DOMParser().parseFromString(str, “text/xml”))
.then(data => {
const items = Array.from(data.querySelectorAll(“item”));
const latestPostsContainer = document.getElementById(“latest-posts”);
latestPostsContainer.innerHTML = ”; // Clear previous posts

// Shuffle the items array
const shuffledItems = items.sort(() => Math.random() – 0.5);

// Select the first 5 items from the shuffled array
const selectedItems = shuffledItems.slice(0, 5);

// Loop through the selected items and display them
selectedItems.forEach(post => {
const link = post.querySelector(“link”).textContent;
const description = post.querySelector(“description”).textContent;

// Create a new post element
const postElement = document.createElement(“div”);
postElement.classList.add(“latest-post”);
postElement.innerHTML = `

${description} Read more

`;

// Append the new post element to the container
latestPostsContainer.appendChild(postElement);
});
})
.catch(error => console.error(‘Error fetching the latest posts:’, error));
}

// Call the function to fetch and display the latest posts
fetchLatestPosts();