Coin

<ul class="wp-block-list news-points">
 <li>Bybit will cease operations in France by September 8 due to new regulatory guidelines.</li>
 <li>The platform will switch to a ‘close-only’ mode starting August 3.</li>
 <li>French crypto traders can seek alternative exchanges like Binance, Bitget, and Bitpanda for their trading needs.</li>
</ul>
Crypto exchange Bybit is ceasing operations in France in response to newly enforced regulatory guidelines that have created a challenging environment for cryptocurrency exchanges to operate effectively. As Bybit exits, French crypto enthusiasts will need to find alternative platforms for their cryptocurrency trading activities.
Bybit has announced a clear timeline for its orderly withdrawal from the French market. From August 3, 2024, the platform switched to a “close-only” mode, preventing users from opening new positions. By September 8, 2024, Bybit will officially cease all operations in France, requiring users to close any open positions and withdraw their funds by this date.
Notably, these regulatory changes, effective from December this year, impose strict Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, along with increased reporting obligations. Facing these string…
The post <a href="https://coinedition.com/binance-bitget-bitpanda-top-alternatives-as-bybit-leaves-france/" rel="noopener noreferrer nofollow">Binance, Bitget, Bitpanda: Top Alternatives as Bybit Leaves France</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Binance, Bitget, Bitpanda: Top Alternatives as Bybit Leaves France

Coin Edition

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