Bybit to suspend UK operations next month in response to regulatory changes

Odaily Planet Daily News Cryptocurrency exchange Bybit will suspend its operations in the UK next month in response to regulatory changes. Starting from October 1st, new customers will not be able to open accounts; starting from October 8th, existing customers will not be allowed to add funds, create new contracts or increase positions. However, the company said in a post on its website that customers will be able to reduce and close positions and withdraw funds from the platform. (CoinDesk) According to previous news on September 14, Bybit issued a statement on the business. At the same time, we are also committed to working with regulators on new laws to ensure the responsible and safe development of the industry."