Oct 31, 202416868 Views
Oct 31, 2024
Bybit Powered by SATOS has acknowledged the fine of EUR 2,250,000 imposed by De Nederlandsche Bank (DNB) for providing services without registration between October 2, 2020, and September 15, 2023. Bybit has respected the decision and began its remediation efforts as early as 2022 by transferring its customers in the Netherlands to SATOS B.V. Since September 2023, Bybit has been operating under Bybit Powered by SATOS, leveraging SATOS's Virtual Asset Service Provider (VASP) license accredited by the DNB. Bybit's partnership with SATOS further underlines its commitment to trustworthy, innovative solutions made in full compliance with the regulatory framework set out by DNB.
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