Bybit to exit France amid regulatory hurdles, hopes for future return
Summary
Bybit is ending operations in France due to regulatory issues, citing new developments from the French regulator and hinting at licensing problems. The exchange plans to return once it secures necessary licenses. French accounts will be restricted to "Close-Only" mode from Aug. 2, and all open positions will be liquidated starting Aug. 13. This move aligns with impending MiCA regulations in Europe. Several exchanges, including Coinbase, OKX, and Gemini, have obtained appropriate licensing for operations within the region.
