French Regulators Remove Bybit from Blacklist, Crypto Exchange Now Targets MiCA License ⋅ Crypto World Echo
Bybit, one of the renowned cryptocurrency exchanges,was removed from the regulatory blacklist of France’s Autorité des MarchésFinanciers (AMF).
“After more than 2 years of working with the Frenchregulator through multiple remediation efforts, BYBIT is now officially removedfrom France AMF blacklist. MiCA license next,” Ben Zhou, the Co-founder and CEOof BYBIT, said on X.
From Blacklist to Compliance
After two years of remediation efforts andnegotiations, the exchange secured approval from the French watchdog. Now,Bybit is shifting focus toward obtaining a Markets in Crypto-Assets (MiCA)license, a key regulatory certification that would enable it to operate legallyacross the European Economic Area (EEA).
Bybit found itself on the AMF blacklist in May 2022for reportedly failing to comply with local financial regulations. At the time,French authorities warned investors against using the platform, urging them toshift to regulated exchanges.
After more than 2 years of working with the French regulator through multiple remediation efforts, BYBIT is now officially removed from France AMF blacklist. MiCA license next. pic.twitter.com/irPf5bOSBp
— Ben Zhou (@benbybit) February 14, 2025
In response, Bybit ceased offering services to Frenchresidents last year while working behind the scenes to address regulatoryconcerns. After an extended dialogue with the AMF and multiple complianceadjustments, Bybit CEO Ben Zhou announced on X that the exchange was officiallyremoved from the blacklist.
MiCA License for Full EU Market Access
With the French regulatory hurdle cleared, Bybit hasnow set its sights on acquiring a MiCA license. The MiCA framework, introducedby the European Union, establishes a uniform regulatory structure for cryptofirms, allowing licensed platforms to operate freely across all 30 EEA nations.
While Bybit has made progress in France, it stillfaces regulatory challenges in other key markets. In Malaysia, the SecuritiesCommission ordered Bybit to halt operations, citing non-compliance. Similarly, in India, the exchange suspended servicesfollowing regulatory scrutiny, despite later securing a local license afterpaying a $1 million fine.
Other crypto firms are also pushing for MiCA approval,seeing it as a gateway to expand in Europe. Competitors like Bitget, OKX, andCrypto.com have all pursued or secured MiCA licenses to gain a foothold in theregion.
This article was written by Jared Kirui at www.financemagnates.com.
