Bybit, the cryptocurrency exchange, has announced a temporary pause on its trading services in India due to increasing regulatory pressure. Starting from January 12, 2025, at 8:00 am UTC, the platform will restrict services such as cryptocurrency trading, account openings, and order placements. This decision reflects Bybit's aim to fully comply with applicable regulations following recent actions from Indian regulators. Despite these restrictions, the exchange reassured users that their ability to withdraw funds will remain unaffected. Bybit has faced similar regulatory challenges in Europe, including the cessation of operations in France as of August 2024, while it seeks a license to resume those activities. Cointelegraph has reached out to Bybit for further comments on the situation. This is a developing story and more details will be provided as they become available.

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