Bybit, a cryptocurrency exchange, has confirmed its pursuit
of regulatory licensing in Austria. This move aligns with its efforts to expand
into key markets while adhering to local compliance requirements.
Meanwhile, Kazakhstan
has granted Bybit a full license from the Astana Financial Service
Authority, enabling the cryptocurrency exchange to offer trading, custody, and
investment management services.
Bybit Awaits Austrian Approval
The company plans to begin operations once it secures
approval from Austrian authorities. This step will ensure that the exchange
operates within the country’s regulatory framework.
At present, Bybit is not licensed in Austria. As a result,
it does not offer services in the Austrian market. Its team is evaluating the
best time for a potential launch, with updates expected in the coming weeks.
This article was written by Tareq Sikder at www.financemagnates.com.
