Bybit exchange suspends services in India due to regulatory pressure
Summary
Bybit crypto exchange is pausing its crypto trading services in India due to regulatory pressure. Starting January 12, Bybit will restrict services, including cryptocurrency trading and opening new accounts. This decision aligns with Bybit's goal to comply with regulations. Indian users will temporarily be unable to open new trades or access products, but fund withdrawals remain unaffected. Bybit also faced regulatory challenges in Europe, ceasing operations in France in August 2024 while seeking a license to resume activities. Further developments are expected as the situation evolves.
