Bybit secures crypto licenses in Cyprus, further consolidating its presence in Europe.
- Sarah Dixon
- Jun 27, 2023
- 2 min read
Bybit has been granted a license to operate a cryptocurrency exchange and provide custody services in Cyprus, enabling the company to offer a range of services for both crypto and fiat currency pairs. These services include trading and custody solutions, and have been tailored to meet the needs of the fast-growing Cyprus cryptocurrency market.
Cyprus has become a prominent center for cryptocurrency activities, with a thriving community of crypto enthusiasts and a regulatory environment that encourages innovation through more favorable regulations. Bybit has recognized the potential of the Cyprus market and is seeking to introduce its reliable and secure crypto opportunities to the local digital asset community. Ben Zhou, the CEO and co-founder of Bybit, expressed the company's full support for the regulatory objective of creating a compliant, secure, and transparent cryptocurrency industry that empowers individuals seeking financial freedom. Zhou emphasized. Bybit secures crypto licenses in Cyprus, further consolidating its presence in Europe.
"This groundbreaking milestone is a testament to Bybit's dedication to adhering to robust regulatory frameworks while expanding our global presence. We are excited to embark on our crypto journey in Cyprus and contribute to the flourishing Crypto Ark."
Bybit prioritizes digital asset security, compliance, and protection with strong Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. The platform holds the ISO 27001:2013 certification for its security management system and provides real-time, on-chain proof-of-reserves data for transparency and trust. By expanding into Cyprus, Bybit not only increases its global presence but also drives growth and innovation in the local cryptocurrency industry.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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