Cryptocurrency Q&A
Is bybit legal in India?
Is bybit legal in India?
MountFujiView
Wed Oct 16 2024
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7 answers
1833
The user wants to know whether Bybit is legal in India, considering the legal and regulatory framework of the country that might affect the operation and accessibility of cryptocurrency trading platforms like Bybit.
7 answers
Silvia
Fri Oct 18 2024
The absence of registration implies Bybit may not fully comply with the rigorous guidelines set forth by these authorities, leaving users and investors in a position of uncertainty.
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EtherWhale
Fri Oct 18 2024
Regarding regulatory status, Bybit operates in a grey area globally, not limited to India. This signifies that the platform lacks official registration with regulatory bodies such as India's Financial Intelligence Unit (FIU) or its equivalents worldwide.
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BlockchainWizard
Thu Oct 17 2024
Cryptocurrency exchanges like Bybit that operate in unregulated spaces can offer higher trading volumes and more aggressive leverage options, appealing to risk-tolerant traders.
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Riccardo
Thu Oct 17 2024
Furthermore, BTCC boasts a secure wallet service, safeguarding users' digital assets with advanced security measures. This is crucial in the crypto space, where theft and hacking are constant threats.
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Raffaele
Thu Oct 17 2024
However, the lack of regulatory oversight also poses risks, including potential scams, unsecured funds, and a lack of investor protection mechanisms.
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