The post Bybit To Withdraw Its Services From France In Response To Country Regulations appeared first on Coinpedia Fintech News
Crypto exchange Bybit will be withdrawing its services from France in response to regulations in the country. From Aug. 2, French users will no longer be able to purchase any products from Bybit or add to their positions. All deposits to French user’s accounts will also be restricted. In May, France’s financial regulator, Autorité des Marchés Financiers (AMF) issued a warning to remind citizens that the exchange had been blacklisted. The company has been blacklisted since May 2022. Companies need to have a digital asset service provider license to be able to operate in France while Bybit does not have one.