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Bybit will suspend operations in the UK next month in response to regulatory changes
2023-09-22 09:55:02
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.