Financial Intelligence Unit-India (FIU-IND) has imposed a monetary penalty of ₹9.27 crore on Bybit Fintech Limited, a Virtual Digital Asset Service Provider (VDA SP), for violating compliance ...

norms under PMLA, 2002. The primary goal is to prevent the misuse of borrowed funds or undisclosed income for illegitimate purposes, such as market manipulation, money laundering, or tax evasion.