Bybit Ends Digital Asset Services in France – BitRss

Cryptocurrency exchange Bybit announced that it will terminate its digital asset withdrawal and custody services in France. The company will cease offering these services to users starting January 8, 2025. Bybit cited existing regulatory barriers in France as the reason for this decision, and users have been given a deadline to withdraw their funds.

Users Asked to Withdraw Funds Early

Bybit has requested all users in France to withdraw their assets from their accounts by January 8, 2025. If this process is not completed, accounts with a balance of 10 USDC or less will be closed for a fee of 10 USDC. Users with higher balances will have their funds transferred to the Coinhouse platform, which is regulated in France, to facilitate the withdrawal process. Bybit has warned users not to miss the deadline and emphasized the importance of emptying accounts in a timely manner.

Last August, Bybit had halted its digital asset trading services in France. With the latest decision, user services will completely come to an end. This step stems from the need to reorganize operations in response to challenges posed by the regulatory environment.

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