English
Arabic
Chinese (Simplified)
Indonesian
Russian
Amsterdam, Netherlands, October thirty first, 2024, Chainwire
Bybit Powered by SATOS acknowledges the choice by De Nederlandsche Financial institution (DNB) to impose a nice of EUR 2,250,000 for offering companies with out registration between October 2, 2020, and September 15, 2023. Bybit respects the DNB’s resolution.
As the primary trade that embraced the regulation within the Netherlands for the reason that announcement from the regulator, Bybit started its remediation efforts as early as 2022 by facilitating the switch of our prospects within the Netherlands to SATOS B.V. to reduce potential monetary injury and impression on our customers. All through this course of, Bybit stored the DNB totally knowledgeable and efficiently accomplished the switch of our Dutch prospects on September 15, 2023.
Since September 2023, Bybit has operated beneath Bybit Powered by SATOS, leveraging SATOS’s Digital Asset Service Supplier (VASP) license accredited by the DNB. This strategic partnership underscores Bybit’s dedication to providing safe, compliant, and modern crypto companies. Bybit has not too long ago opened a neighborhood workplace in Amsterdam, a significant milestone on our journey to serve crypto lovers of the Netherlands even higher.
Ben Zhou, Co-founder and CEO of Bybit, emphasised the corporate’s deal with accountable development: “Since our partnership with SATOS, now we have operated totally throughout the regulatory framework. Presently Bybit Powered by Satos is rising into the quantity two trade available in the market with 10 million customers. Bybit Powered by Satos can also be working carefully with native universities. At Bybit, we stay dedicated to working carefully with European regulators to construct a accountable and clear ecosystem. We’re excited to proceed offering safe, dependable companies to the Dutch group as we responsibly broaden throughout Europe.”
The partnership of SATOS and Bybit additional underlines Bybit’s dedication to reliable, modern options made in full compliance with the regulatory framework set out by DNB. Bybit believes that cooperation with the authorities within the European Union market is crucial for sustainable development.
#Bybit / #TheCryptoArk
About Bybit Powered by SATOS
In June 2023, Bybit fashioned a strategic alliance 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 the very best companies to our customers consistent with regulatory tips, and guaranteeing the supply of high-quality companies to our customers.
ContactHead of PRTony AuBybittony.au@bybit.com
This text was initially revealed on Chainwire