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TechFlow reported on February 6 that according to Bitcoin.com News, India's Financial Intelligence Unit (FIU-IND) has fined cryptocurrency exchange Bybit 927 million Indian rupees (approximately $1.06 million) and blocked its website for violating anti-money laundering regulations. Bybit had operated in India without obtaining the required registration. The FIU-IND took action after identifying multiple compliance violations.
According to Bitcoin.com News, India's Financial Intelligence Unit (FIU-IND) has imposed a penalty of 927 million Indian rupees (approximately $1.06 million) on the cryptocurrency exchange Bybit and blocked its website for violating anti-money laundering regulations. Bybit had been operating in India without obtaining the required registration. The FIU-IND took action after identifying multiple compliance violations.
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