If you are wondering if Bybit is legal in Italy , the answer is nuanced. cryptocurrency trading platform is not registered with the OAM (Organo Agenti e Mediatori), the regulatory authority for cryptocurrency service providers in Italy. However, Bybit remains accessible to Italian users , because the country is not on the list of countries restricted by the platform.
However, the absence of an official authorization raises questions about the potential risks for users. In this article, we will analyze the regulatory framework , the legal risks incurred and the alternatives in accordance with Italian rules.
Italy follows a strict approach in terms of cryptocurrency regulation . Two main institutions supervise the activity of exchange platforms:
The consob (Nazional commission for the Società e la Borsa): the Autorité des Marchés Financiers in Italy, responsible for monitoring and regulating financial players. It has powers to sanction and prohibit platforms operating without authorization.
OAM (Organo Agenta e Mediatori): Responsible for registration and control of platforms offering cryptocurrency services, guaranteeing compliance with national and European standards.
Since May 2022, all platforms offering cryptocurrency services to Italian residents must be registered with OAM . This recording aims to ensure transparency, the fight against money laundering and investor protection.
In addition, the consobe has reinforced legal levers to combat non -compliant platforms. Depending on the article 7-ascTies of the legislative decree 58/1998 , it can:
Publicly publishing a notification indicating that an entity is not authorized to offer investment services in Italy.
Require the immediate cessation of illegal activities.
In addition, thanks to the growth decree (law n ° 58 of June 28, 2019, article 36, paragraph 2-Terdecies) , the consobe can order internet access providers to block platforms operating without authorization . It regularly updates the list of blocked sites and can impose fines of up to 5 million euros or 3% of the turnover of a non -compliant company (in accordance with article 191 of the legislative decree 58/1998).
However, Bybit did not carry out the process of obtaining OAM and is therefore not recognized as a provider legally authorized to operate in Italy.
The Nazional Commission for Società E La Borsa (Conob) has the power to order the blocking of websites offering financial services without authorization. Since July 2019, the consober has blocked more than 1,200 illegal sites .
Currently, Bybit is not blocked by Italian Internet access providers, but its lack of registration with the OAM exposes users at risk. In the event of a dispute, legal appeals could be limited.
Italy has a legal framework which allows regulators to block access to unauthorized platforms . Consob can thus ask ISP (Internet service providers) to make the site inaccessible from Italy.
Regarding users, no criminal sanction is provided for the simple fact of using Bybit. However, funds stored on an unauthorized platform may be more difficult to recover in the event of a sudden litigation or closure.
Bybit is currently available in more than 160 countries , but some jurisdictions impose restrictions on him. Among the restricted countries are the United States, Canada , China, Singapore, the United Kingdom and France , due to strict financial regulations or sanctions. Other regions, such as Crimea, Donetsk and Luhansk, are also prohibited from access due to international sanctions.
On the regulation side, Bybit actively seeks to obtain official licenses to strengthen its legitimacy in several markets. The platform announced its efforts to obtain the Certification MiCA (Markets in Crypto-Astets) in Europe. This certification would allow the platform to obtain a financial passport to operate throughout the European Union , including in Italy, without having to register with each national regulator. . In parallel, it also targets a negotiation license in Hong Kong , a key market for cryptocurrencies in Asia. Obtaining these certifications would guarantee better protection of users and strengthen the compliance of the platform to local financial regulations.
Bybit has obtained several regulatory licenses on key markets , allowing it to comply with the requirements of the financial authorities and to expand its legal scope. Among the main authorizations obtained:
Thanks to these certifications, Bybit continues its development while seeking to align with the regulatory standards of the courts where it is established.
For Italian traders looking for a platform in accordance with local regulations, here are three reliable alternatives:
OKX : OKX offers a wide range of advanced tools, including derivative products, options and a very liquid future market. Its platform offers very competitive costs (0.1 % max) and access to a large number of cryptocurrencies.
You can also buy your cryptocurrencies directly from a decentralized wallet ( Metamask , Exodus, Trust Wallet ) by holding your funds directly on the blockchain.
If you do not know how to use an online wallet and you start in cryptocurrency, we have designed a detailed and illustrated guide, step by step, with screenshots. It will allow you to familiarize yourself with the fundamentals and learn to navigate with confidence.
Get your guide for free by filling out the form below.
If Bybit is accessible in Italy , the platform is not regulated by the local authorities . Italian users can therefore use it, but without legal protection in the event of a dispute .
To avoid risks, it is strongly advised to prefer platforms regulated by local authorities.
Investments in cryptocurrencies are risky. Crypternon could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a property or service put forward in this article. Readers must do their own research before undertaking any action and investing only within the limits of their financial capacities. Past performance does not guarantee future results. This article does not constitute an investment .
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AMF recommendations. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital .
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