Bybit Exits France Amid New EU Crypto Regulations

Shiva Ganesh

Bybit is exiting the French market due to increased regulatory scrutiny from France's financial regulator, the Autorité des Marchés Financiers (AMF)

Starting August 2, 2024, French users' accounts will be restricted to "close-only" mode, meaning they can only withdraw funds and close existing positions

Bybit will no longer offer its products and services to French nationals and residents

French users must withdraw their assets by August 13, 2024, after which any remaining positions will be automatically liquidated

Bybit intends to re-enter the French market once it obtains the necessary regulatory licenses under French law

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