Published Sep 22, 2023 11:29AM ET Updated Sep 24, 2023 01:00PM ET
Dubai-headquartered cryptocurrency exchange Bybit has announced the suspension of services to the United Kingdom in response to pending rules from the country’s Financial Conduct Authority, or FCA.
In a Sept. 22 announcement, Bybit said it will start suspending services to U.K. residents on Oct. 1 by no longer allowing new account applications. This move will be followed by the suspension of new deposits, new contracts and changes to positions for existing users on Oct. 8.
Bybit will suspend services in UK following financial regulator’s ‘final warning’