Bybit is Suspending its Services in the United Kingdom

[coingabbarmarket]

Crypto Exchange Bybit is Suspending its Services in The UK
Dubai-based crypto exchange Bybit is suspending services in the United Kingdom due to impending regulations by the FCA. The suspension will begin on October 1, starting with the halt of new account applications, followed by the suspension of new deposits, contracts, and position changes on October 8. Bybit's decision aligns with the FCA's new rules on crypto business marketing. The exchange aims to focus on regulatory compliance and will potentially resume services in the UK in the future. This follows a similar move in Canada earlier this year, citing regulatory developments.

https://www.coingabbar.com/en/crypto-shorts-news