Bybit will suspend operations in the UK next month in response to regulatory changes

Cryptocurrency exchange Bybit will suspend its operations in the UK next month in response to regulatory changes. Starting from October 1st, new customers will not be able to open accounts; starting from October 8th, existing customers will not be allowed to add funds, create new contracts or increase positions. However, the company said in a post on its website that customers will be able to reduce and close positions and withdraw funds from the platform. (CoinDesk) According to previous news on September 14, Bybit issued a statement on the Maintaining a presence in the UK. We are also committed to working with regulators on new laws to ensure the industry develops responsibly and safely.