Crypto Exchange Bybit to Temporarily Suspend Operations in India
Crypto exchange Bybit said it will temporarily suspend its services for its users in India in response to regulation in the country.
The Dubai based company intends to prevent its customers in India from being able to open new trades or access products on the platform from Sunday. “The only exception will be withdrawals,” the company said in a blog post on Friday.
The stoppage may be short-lived. Bybit said it is working to finalize its registration as a Virtual Digital Asset Service Provider under India law, “which we expect to secure in the coming weeks.”
“We are committed to resuming full service as soon as we have completed our registration process with the FIU,” it added.
