Bybit to discontinue crypto services for French users
Bybit, a global crypto exchange, has announced that it will discontinue withdrawal and custody services for French users starting January 8th, 2025.
This announcement comes as a response to increased regulatory pressure by French financial authorities. Many jurisdictions look to get a tighter grip on crypto.
What this means for users
Bybit advises affected users to withdraw their funds before the deadline to avoid complications with account access of transfers. All the unclaimed assets that exceed USDC 10 will be transferred to Coinhouse, a French cryptocurrency custodian. To regain access the funds, users will need to complete a verification process with Coinhouse.
For accounts with balances under USDC 10, Bybit will…
