As the Financial Conduct Authority mandates new stricter rules, Bybit decided to pause their operations in the U.K. to focus its efforts to best meet the regulations of the government in the future.
A report quoted CEO Ben Zhou saying that due to the new FCA rules, Bybit would exit the U.K., but the exchange now says it’s committed to staying.
Singapore High Court recognizes digital assets as personal property eligible for a trust holding in a landmark ruling involving Bybit exchange.
Beginning on May 31, ByBit's new users in Canada won't be able to create accounts, but existing customers will continue to enjoy unrestricted access to the exchange's services.
ByBit's Know Your Customer requirement may take between 15 minutes to 48 hours to be processed, noting that users can make up to five attempts per day in the case of a rejection.
Bybit’s new office is situated at the Dubai World Trade Center, overlooking the Dubai International Financial Center (DIFC) and other iconic landmarks.
Japan is tightening the screws on the local digital asset sector, recently flagging four companies on allegations that they violated fund settlement laws by operating without a necessary permit.
Bybit CEO Ben Zhou announced on Twitter that the exchange would lay off workers across the board, blaming the “deepening bear market” for the exchange’s woes.
The Brazilian CVM has ordered Bybit exchange to cease offering securities illegally, four months after it commenced operations, just as it banished Binance.
The Ontario securities watchdog also slapped a $1.9 million fine on Bybit, claiming that the two operated unregistered digital asset trading platforms in the province.
The FSCA said it has tried to contact FTX on the issue to no avail, but CEO Sam Bankman-Fried refuted the claims and said he wants to work with the regulator.