Bybit Fined €2.25M by Dutch Regulator for Non-Compliance

Quick Summary:

De Nederlandsche Bank (DNB) has issued a €2.25 million fine to Bybit for providing crypto services without the legally required registration.

In May 2020, the DNB introduced the registration requirement for entities providing crypto services within the Dutch nation.

Bybit, a leading cryptocurrency exchange, has been fined in the Netherlands.

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Article Details

Author / Journalist: Ikemefula Aruogu

Category: Crypto

Markets: IndiaNetherlands

Topics: Top Crypto News News Exchange News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 14:18:00 (11 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 138 words

Reading Time: 1 minutes read

Sentences: 52 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23350319

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 16 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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