Crypto: Bybit Has Been Removed From The Blacklist And Is Gearing Up For MiCA!

Bybit, one of the giants of the crypto ecosystem, has just made a decisive move: its removal from the AMF’s blacklist in France. But behind this victory lies a complex regulatory puzzle, between European ambitions and Asian challenges. A strategic twist that reveals the new priorities of a player ready to do anything to conquer Europe.

Bybit vs the AMF: The French saga, between shadow and light

In May 2022, the AMF pointed at Bybit for “non-compliance” with French rules. Two years later, the crypto platform finally extricates itself from this blacklist.

A turnaround symbolized by a juicy detail: the initial release from the AMF, dated May 2024, now bears a warning in small print: “This information is no longer up to date.” Proof that even regulators sometimes have to eat their own dust.

But this withdrawal is not a gift. The crypto platform had to pack its bags in France, halting its withdrawal and custody services as of January 2025. A radical decision, presented as a “strategic adjustment.” Ben Zhou, CEO of Bybit, reveals a foundational work with French authorities since 2022. A bureaucratic marathon to gain trust… while leaving. Irony of fate?

Behind this saga, a clear message: European regulators want flexible players, not cowboys. Bybit has understood this. By leaving France, it avoids a sterile showdown and reposition itself as a pioneer of the future MiCA regulation. A temporary sacrifice for long-term gain.

MiCA in sight

MiCA is the key to dominating the crypto market. Bybit knows this. Its application for a MiCA license is no coincidence: it’s a bet on the future. With this license, the crypto platform will be able to operate in 27 countries at once. A passport more valuable than a bitcoin at $100,000.

But Bybit is not alone on the track. Bitget, its rival, has just obtained a license in Bulgaria and is expanding its foothold in Poland and Lithuania. Hon Ng, legal director of Bitget, confides: “We are aiming for MiCA approval by 2025.” A silent race where every month counts. Bybit must therefore accelerate… or risk being overtaken.

MiCA is not a formality. The text requires enhanced checks, increased transparency, and liquid reserves. For Bybit, used to navigating less regulated waters, the adaptation will be painful. But it’s the price to pay to seduce European institutions. A dangerous game, where every concession counts. Meanwhile, Trump is reviving an old explosive lever.