Bybit, a major cryptocurrency exchange, has announced its exit from the French market due to increasing regulatory pressures and licensing requirements. The decision follows a warning from the French financial regulator, Autorité des Marchés Financiers (AMF), which stated that Bybit was operating without proper registration. Effective August 2, French users will be restricted to "Close-Only" mode, preventing them from opening new positions or making deposits. By August 13, all remaining open positions will be liquidated. Bybit expressed hope to return to France once it secures the necessary licenses.Read more on Decrypt
Bybit Exits French Market Amid Regulatory Challenges
