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French Regulator Issues New Alert Regarding Blocked Bybit

Bybit pulled out of the UK and Canada, citing regulatory pressure.

by V Sinclair
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France’s securities regulator has issued a renewed warning against Bybit, urging customers to make arrangements as the exchange may suddenly cease providing services in France. Bybit has been blacklisted by the AMF since May 2022 for non-compliance with French regulations, as it was not registered as a Digital Assets Service Provider (DASP) and was operating illegally. The notice may hint at forthcoming enforcement action against the platform. A similar warning was issued against Bybit by Hong Kong’s financial regulator. Last year, Bybit pulled out of the UK and Canada, citing regulatory pressure.

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