France regulator AMF removes Bybit from blacklist after 2-year long review

Crypto Exchange bybit is no long on France’s authority of financial markets Black list after more than two years of regulatory examination.

On February 14, Bebit CEO, Ben Zhou, announced on his account X that the company had solved its current problems with the AMF. According to Zhou, Bybit worked closely with French regulators to solve compliance problems. The AMF has confirmed that the appeal no longer appears on its list of “unauthorized companies and websites”.

Zhou also mentioned that the exchange works to secure a market regulatory license in crypto-sets, which would allow him to operate through the European Union. Bybit is still faced with regulatory challenges in other countries despite his progress in France.

In India, the exchange was a fine 9.27 ₹ ₹ ($ 1.06 million) for breaking the laws on money laundering. It came only a few weeks after stopping the services in the country due to regulatory concerns. Bybit was faced with additional international difficulties when the authorities in Malaysia forced the company to stop operations.

In other news, Zhou has refuted information that he joined the PI network. He revealed On X that he was invited to join Pi but refused, citing his previous experience in FX Trading where the requests for reimbursement were common. Although exchanges such as Bitget, Mexc and Okx confirmed their intention to list the medal, Bybit has not yet published an official declaration.

The main launch of Pi Coin, which is powered by Pi Network, is scheduled for February 20, 2025, at 8:00 am UTC. The official announcement caused Pi Coin price in Spike despite previous delays. The IOU values ​​for PI, which are transferable debt tokens used on the exchange platforms until the Mainnet is put online, has already started to appear in several markets.