Is Bybit legal?

Many crypto enthusiasts and investors often have a question looming in their minds - "Is Bybit legal?" Given the rapidly evolving landscape of cryptocurrency and digital asset trading, it's understandable why there's a degree of skepticism and curiosity surrounding platforms like Bybit. After all, with the rise of scams and unregulated entities, it's crucial to ensure that one's investments are safe and secure. So, let's delve deeper into this question and explore the legality of Bybit, considering its operations, regulatory compliance, and the overall crypto ecosystem.