bitcoinist.com Open in urlscan Pro
192.0.66.75  Public Scan

URL: https://bitcoinist.com/bybit-shuts-down-operations-in-france/
Submission: On August 03 via api from BE — Scanned from DE

Form analysis 3 forms found in the DOM

GET https://bitcoinist.com/

<form action="https://bitcoinist.com/" method="get" class="jeg_search_form" target="_top">
  <input name="s" class="jeg_search_input" placeholder="Search..." type="text" value="" autocomplete="off">
  <button aria-label="Search Button" type="submit" class="jeg_search_button btn"><i class="fa fa-search"></i></button>
</form>

GET https://bitcoinist.com/

<form action="https://bitcoinist.com/" method="get" class="jeg_search_form" target="_top">
  <input name="s" class="jeg_search_input" placeholder="Search..." type="text" value="" autocomplete="off">
  <button aria-label="Search Button" type="submit" class="jeg_search_button btn"><i class="fa fa-search"></i></button>
</form>

POST

<form id="mc4wp-form-1" class="mc4wp-form mc4wp-form-74441" method="post" data-id="74441" data-name="Newsletter">
  <div class="mc4wp-form-fields"><input type="email" name="EMAIL" placeholder="Email address..." required="">
    <button class="btn" type="submit">Sign Up</button>
    <div class="consent">
      <input name="AGREE_TO_TERMS" type="checkbox" value="1" required="">
      <span>I consent to my submitted data being collected and stored.</span>
    </div>
  </div><label style="display: none !important;">Leave this field empty if you're human: <input type="text" name="_mc4wp_honeypot" value="" tabindex="-1" autocomplete="off"></label><input type="hidden" name="_mc4wp_timestamp"
    value="1722711371"><input type="hidden" name="_mc4wp_form_id" value="74441"><input type="hidden" name="_mc4wp_form_element_id" value="mc4wp-form-1">
  <div class="mc4wp-response"></div>
</form>

Text Content

Ad
Wiener Ai: Besser als Shiba?
Neuer Meme-Coin sammelt auf Anhieb 700.000 $ ein
$WAI kaufen




 * Press Releases
   * Submit a press release
   * Read All
 * Contact us


Advertise

No Result
View All Result
 * Bitcoin
   * News
   * Price
   * Businesses
   * Acceptance
   * Technology
   * Investment
   * Regulation
   * Reviews
   * All Bitcoin News
 * Altcoins
   * News
   * Price
   * Ethereum
   * Ripple
   * Litecoin
   * EOS
   * NAGA
   * All Altcoin News
 * Tech
   * Blockchain
   * Security
   * FinTech
 * Industry
   * Industry News
   * Press Releases
 * How to
   * Buy gift cards/mobile Top Ups with Cryptos
   * What Is Bitcoin?
   * Best Bitcoin Wallet
   * Bitcoin vs Ethereum
   * Why Use Blockchain Technology?
   * Bitcoin Cash ABC vs. Bitcoin Cash SV
   * How to Buy Cryptocurrency
   * Bitcoin Mining
   * Best Bitcoin Brokers
   * Best Bitcoin Forex Brokers
   * How To Earn Bitcoin
   * What is Facebook Libra?
   * Ripple and XRP: The Complete Guide
   * Bitcoin Casinos – Where, What and How to Play
 * Events
 * Casinos
 * Play Games
 * Crypto Casino



Breaking News: Breaking: Solana, Cardano Dropped As Securities In SEC Binance
Update
 * Bitcoin
   * News
   * Price
   * Businesses
   * Acceptance
   * Technology
   * Investment
   * Regulation
   * Reviews
   * All Bitcoin News
 * Altcoins
   * News
   * Price
   * Ethereum
   * Ripple
   * Litecoin
   * EOS
   * NAGA
   * All Altcoin News
 * Tech
   * Blockchain
   * Security
   * FinTech
 * Industry
   * Industry News
   * Press Releases
 * How to
   * Buy gift cards/mobile Top Ups with Cryptos
   * What Is Bitcoin?
   * Best Bitcoin Wallet
   * Bitcoin vs Ethereum
   * Why Use Blockchain Technology?
   * Bitcoin Cash ABC vs. Bitcoin Cash SV
   * How to Buy Cryptocurrency
   * Bitcoin Mining
   * Best Bitcoin Brokers
   * Best Bitcoin Forex Brokers
   * How To Earn Bitcoin
   * What is Facebook Libra?
   * Ripple and XRP: The Complete Guide
   * Bitcoin Casinos – Where, What and How to Play
 * Events
 * Casinos
 * Play Games
 * Crypto Casino


No Result
View All Result
Breaking News: Breaking: Solana, Cardano Dropped As Securities In SEC Binance
Update



BYBIT SHUTS DOWN OPERATIONS IN FRANCE FOLLOWING REGULATORY HEAT

by Christian Encila
5 hours ago
in Crypto News
0


Bybit, a well-known cryptocurrency exchange, said it would stop serving French
users on August 2. This was a surprise move that shows how strict regulators are
becoming.

Related Reading: Worldcoin Under Fire Again: Unpacking The Latest Controversy

The decision comes after the Autorité des Marchés Financiers (AMF), France’s
financial watchdog, put more and more pressure on the company. Bybit’s
operations will be greatly limited, which is a very important time for the
exchange and its French customers.




RESTRICTIONS PILE UP

French users will have to deal with a lot of strict restrictions. Bybit has
declared all accounts to be “close-only,” which means that users can’t open new
positions or buy things. Bybit wrote an in-depth blog post about how it was
ending a number of services, such as One-click buy, P2P deals, spot dealing, and
derivative trading. Making deposits will also be illegal, making only transfers
legal.

The regulatory noose will get even tighter on August 13, when Bybit will
automatically close any open accounts in spot trading, trading bots, or
derivative goods. In addition, all card services connected to the exchange will
be shutdown. French users should send help tickets if they have any problems or
questions about these big changes.

Total crypto market cap currently at $2.1 trillion. Chart: TradingView


HISTORICAL BACKGROUND AND PROBLEMS WITH REGULATIONS

Notably, Bybit is not the only company that has to deal with legal problems.
Another crypto giant, Binance, saw its founder, Changpeng Zhao (also known as
CZ), give up control of Binance France in December 2023 because the AMF was
pressuring him to do so. These cases show that the French cryptocurrency market
is subject to strict rules.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?




Source: LinkedIn

Though it is facing challenges with authorities, Bybit is still a major
participant in the global crypto market. Based on August 1 trade count, Bybit
ranks second among platforms behind Binance.

570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day,
only at Wild.io. Play Now!



TIME TO PACK UP

Bybit is bidding adios as EU Markets in Crypto Assets (MiCA) laws take effect.
MiCA wants all European VDA suppliers to follow the same guidelines. This method
encourages new ideas and makes crypto more accessible and safe for investors.
These regulations are difficult for trading platforms like Bybit.

Related Reading: EDCON 2024: Ethereum Founder Buterin Proudly Announces He’s A
‘Dogecoin Hodler’

The crypto exchange has struggled with French laws before. Lack of any Digital
Asset Service Provider permits was among the roadblocks that prevented the
exchange from being allowed to operate in the country, not to mention a ban the
government imposed against it in 2022.

Featured image from Medium, chart from TradingView


ShareTweetShareShare


SIGN UP FOR OUR NEWSLETTER!

For updates and exclusive offers enter your email.

Sign Up
I consent to my submitted data being collected and stored.
Leave this field empty if you're human:





CHRISTIAN ENCILA

Christian, a journalist and editor with leadership roles in Philippine and
Canadian media, is fueled by his love for writing and cryptocurrency.
Off-screen, he's a cook and cinephile who's constantly intrigued by the size of
the universe.




RELATED POSTS


‘UNREGULATED’ CRYPTO BETTING BOOMS AHEAD OF 2024 US ELECTION ON POLYMARKET

8 hours ago


BEWARE THE CRYPTO CON: FBI WARNS OF RISING EXCHANGE IMPERSONATION SCAMS

9 hours ago


BALL CRYPTO SCAM? FORMER NBA PLAYER’S RWA PROJECT ACCUSED OF $330,000 RUG PULL

11 hours ago


FANTOM REBRANDS TO SONIC LABS, GEARS UP FOR HIGHLY ANTICIPATED EVM CHAIN LAUNCH

12 hours ago


$193M IN CRYPTO LONGS BITE THE DUST AS BITCOIN & CO. GO VOLATILE

15 hours ago


EDCON 2024: ETHEREUM FOUNDER BUTERIN PROUDLY ANNOUNCES HE’S A ‘DOGECOIN HODLER’

21 hours ago





CFD Crypto only. 51% of retail investor accounts lose money when trading CFDs
with this provider.


PREMIUM PARTNERS




PREMIUM CASINO PARTNERS






TOP CASINOS

SirWin
Trust Dice
mBit




PRESS RELEASES


 * BLOCKDAG’S FUTURISTIC DEV RELEASE 86: X1 APP GETS A...
   
   6 hours ago


 * DOGECOIN (DOGE) AND SHIBA INU (SHIB) TRADERS FLOCK TO THIS...
   
   6 hours ago


 * MISSED DOGECOIN (DOGE)’S RISE? THIS MEME COIN IS...
   
   7 hours ago


 * NEW LOW-RISK CRYPTOCURRENCY SET TO SKYROCKET 1300% IN Q4...
   
   23 hours ago


 * UPCOMING CRYPTO BULL RUN: WHICH ALTCOINS TO STACK FOR...
   
   1 day ago









Bitcoin news portal providing breaking news, guides, price analysis about
decentralized digital money & blockchain technology.




BITCOIN

 * News
 * Price
 * Businesses
 * Acceptance
 * Technology
 * Investment
 * Regulation
 * Reviews


ALTCOINS

 * News
 * Price
 * Ethereum
 * Ripple
 * Litecoin
 * EOS


CATEGORIES

 * Blockchain
 * Security
 * FinTech
 * Technology
 * Trending
 * Breaking News
 * Press Releases
 * How to


ABOUT US

 * Advertise
 * Contact us
 * Editorial Policy
 * Privacy Policy




© 2024 Bitcoinist.com. All Rights Reserved.


 * Bitcoin
   * News
   * Price
   * Businesses
   * Acceptance
   * Technology
   * Investment
   * Regulation
   * Reviews
   * All Bitcoin News
 * Altcoins
   * News
   * Price
   * Ethereum
   * Ripple
   * Litecoin
   * EOS
   * NAGA
   * All Altcoin News
 * Tech
   * Blockchain
   * Security
   * FinTech
 * Industry
   * Industry News
   * Press Releases
 * How to
   * Buy gift cards/mobile Top Ups with Cryptos
   * What Is Bitcoin?
   * Best Bitcoin Wallet
   * Bitcoin vs Ethereum
   * Why Use Blockchain Technology?
   * Bitcoin Cash ABC vs. Bitcoin Cash SV
   * How to Buy Cryptocurrency
   * Bitcoin Mining
   * Best Bitcoin Brokers
   * Best Bitcoin Forex Brokers
   * How To Earn Bitcoin
   * What is Facebook Libra?
   * Ripple and XRP: The Complete Guide
   * Bitcoin Casinos – Where, What and How to Play
 * Events
 * Casinos
 * Play Games
 * Crypto Casino

Advertise


© 2023 Bitcoinist. All Rights Reserved.


This website uses cookies. By continuing to use this website you are giving
consent to cookies being used. Visit our Privacy Center or Cookie Policy. I
Agree


We'd like to show you notifications for the latest news and updates.


AllowCancel