Bybit Clone Script is a white label software that allows entrepreneurs to create a crypto trading platform with similar features to the Bybit exchange. It includes order books, leveraged trading, wallet integration, and trading pairs, with all the mandatory security protocols. Notably, the clone script is completely customizable, and it is in compliance with the global crypto laws.
The majority of legitimate clone scripts have in-built compliance modules such as Know Your Customer (KYC) and Anti-Money Laundering (AML). The features are used to authenticate user identities and raise alerts to suspicious activity. The users submit their government-issued IDs, and the analyzer analyzes them and lets users access the Bybit like crypto exchange platform. Apart from these, you need to obtain specific compliances to make your platform run in many countries.
Different jurisdictions have varied regulations. Other jurisdictions demand complete licensing – as a virtual asset service provider (VASP), money transmitter, or an exchange – before you are allowed to serve local users.
Trading in derivatives (such as futures and leveraged products) has frequently been stricter than that of spot trading, with additional conditions on risk disclosure and capital sufficiency.
These enforcement actions have also targeted even the largest exchanges, such as Bybit itself, showing that good compliance tooling in the software does not substitute legal authorization.
With the right regulatory compliance, a Bybit Clone Script can be used to fulfill the compliance requirements. Based on your targeted countries, get the required licenses and make your exchange globally compliant.
To Know more
WhatsApp: +91 9360780106
Email: sales@cryptocurrencyscript.com
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