The post Bybit to Pull Out of the UK Market Over Compliance Concerns! appeared first on Coinpedia Fintech News
Cryptocurrency derivatives exchange Bybit is set to exit the UK market as it does not plan to register with the UK’s Financial Conduct Authority (FCA) due to concerns over regulatory compliance standards and the costs of meeting requirements. The FCA’s new regulations require all digital asset firms operating in the UK to register with the regulator. Bybit cited uncertainties over future requirements as another factor in its decision to exit the market. The move could affect thousands of UK users who trade on the platform.
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks