Bybit Achieves MiCA Compliance Amid Regulatory Push and Security Concerns

Bybit has achieved official compliance with MiCA, securing approval from Austria's Financial Market Authority, and positioning itself among the early crypto platforms licensed under the EU’s new Markets in Crypto-Assets regulation (MiCA). This certification enables Bybit to legally operate and provide crypto services across the European Union, marking a significant step in its corporate regulatory strategy. Earlier this year, Bybit moved to improve its regulatory standing by removing itself from France’s blacklist and registering in India after a $1 million fine. Despite these advances, the platform continues to face challenges, notably the aftermath of a $1.4 billion hack attributed to North Korean actors, with nearly half of the stolen assets still untraceable.