Article • 12 months ago
Bybit Denies Reports of Exiting UK Market Amid New Financial Rules
Summary
- Bybit has denied reports of its plan to withdraw services from the UK in response to strict financial rules for crypto firms.
- The company released a statement emphasizing its commitment to the UK market and its intention to maintain a long-term presence.
- Bybit expressed its willingness to collaborate with UK regulators and negotiate the best solution for all parties involved.
- Compliance with regulations is a top priority for Bybit, as shown by its previous withdrawal from the Canadian market.
- The UK's new financial marketing rules for crypto firms will come into effect on October 8th, 2023, aiming to ensure customer understanding of crypto investment risks.
📣 Related news
Loading news...
