Crypto Exchange Bybit Withdraws From France in Response to Regulations

Crypto exchange Bybit said it will be withdrawing its services from France in response to regulatory developments in a post on Thursday. "It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations," the company said in its release. From Aug. 2, French users will no longer be able to purchase any products from Bybit or add to their positions. All deposits to French users accounts will also be restricted. In May, France's financial regulator Autorité des Marchés Financiers (AMF) issued a warning to remind citizens that the exchange had been blacklisted. 

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