Bybit exchange is temporarily halting its crypto trading services in India due to regulatory pressure. Starting January 12, users will not be able to trade, open new accounts, or place orders through the platform. This decision aims to ensure full compliance with applicable regulations following recent developments from Indian regulators. Despite the suspension of trading services, Bybit will continue to honor user withdrawal requests. The exchange has faced similar regulatory challenges in Europe, having ended operations in France in August 2024 while seeking a license to resume. Cointelegraph has reached out to Bybit for further comments on the situation, which remains developing.
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