Bybit to suspend UK services in October after 'final warning' from regulator

Bybit to suspend services in UK from Oct following 'final warning' from financial regulator
Bybit HQ in Dubai; will stop new account applications from Oct 1 and suspend deposits/trades for existing users from Oct 8
Move is to comply with new UK marketing rules for crypto firms set by Financial Conduct Authority (FCA)
Some firms have until Jan 2024 to comply if get FCA approval; Bybit choosing to suspend services completely
Follows similar withdrawal from Canada in May citing regulatory issues; but Bybit expanding in some markets like Kazakhstan

cointelegraph.com

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