Amsterdam, Netherlands, October 31, 2024, Chainwire
Bybit Powered by SATOS acknowledges the choice of Deutsche Financial institution (DNB) to impose a positive of €2,250,000 for offering providers with out registration between October 2, 2020 and September 15, 2023. Bybit respects DNB's resolution.
As the primary trade within the Netherlands to simply accept this regulation for the reason that regulator's announcement, Bybit has introduced that its Dutch clients' SATOS BV We now have began enchancment efforts as early as 2022 by facilitating the switch of . All through this course of, Bybit saved DNB totally knowledgeable and efficiently accomplished the switch of its Dutch clients on September 15, 2023.
Since September 2023, Bybit operates below Bybit Powered by SATOS, leveraging SATOS' Digital Asset Service Supplier (VASP) license licensed by DNB. This strategic partnership highlights Bybit's dedication to offering safe, compliant and progressive crypto providers. Bybit lately opened a neighborhood workplace in Amsterdam. It is a main milestone in our journey to raised serve Dutch crypto fans.
Ben Zhou, Bybit Co-Founder and CEOemphasised that the corporate is targeted on accountable progress, stating: “Since our partnership with SATOS, we now have operated utterly throughout the regulatory framework. At present, Bybit Powered by Satos has 10 million customers. Bybit Powered bySatos additionally continues to work intently with European regulators to create a accountable and clear ecosystem. Europe.”
The partnership between SATOS and Bybit additional underlines Bybit's dedication to dependable and progressive options created in full compliance with the regulatory framework set by DNB. Bybit believes that cooperation with European Union market authorities is important for sustainable progress.
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About Bybit Powered by SATOS
In June 2023, Bybit entered right into a strategic partnership with SATOS, one of many oldest crypto service suppliers working within the Netherlands and Belgium since 2013. This partnership is a testomony to our dedication to offering one of the best service to our customers in keeping with regulatory pointers. We assure the availability of high-quality providers to our customers.
contactPublic Relations SupervisorTony OBybit[email protected]
This text was initially printed on Chainwire
