Bybit exchange suspends services in India due to regulatory pressure
Bybit will continue honoring user withdrawal requests despite temporarily halting other services.
Bybit, a global crypto exchange, announced a temporary suspension of its crypto trading services in India, citing regulatory developments.
Starting Jan. 12 at 8:00 am UTC, Bybit will restrict several services, including cryptocurrency trading, account openings and placing orders through other exchange products.
Bybit attributed the decision to its goal of operating in “full compliance with all applicable rules and regulations,” the exchange stated in a Jan. 10 announcement, adding:
Go to Source
Author: Zoltan Vardai
