Cryptocurrency exchange Bybit has obtained a licence to operate in Cyprus, allowing it to offer a range of services including trading and custody solutions. Cyprus is seen as a thriving hub for cryptocurrency activities, with a supportive regulatory environment and a growing community of enthusiasts. Bybit aims to bring its reliability and crypto opportunities to the local digital asset community. The co-founder and CEO of Bybit, Ben Zhou, expressed support for the regulatory objective of building a compliant and secure cryptocurrency industry. Bybit is known for its commitment to digital asset security and compliance, with robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. The platform also holds the ISO 27001:2013 certification for its security management system. By expanding into Cyprus, Bybit hopes to not only increase its international presence but also foster growth and innovation within the local cryptocurrency ecosystem.
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