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Topic: Bybit expects to exit UK market - page 2. (Read 185 times)

sr. member
Activity: 658
Merit: 354
I stand with Ukraine!
September 14, 2023, 08:35:11 AM
#2
UK regulators are applying more and stricter regulations on cryptocurrency.

FCA introduces tough new rules for marketing cryptoassets

It began after the FTX fiasco.

Global cryptocurrency regulation report 2023
Quote
In the UK, the Government intends to make cryptoassets a regulated financial instrument.
You can download the full report https://www.pwc.com/gx/en/new-ventures/cryptocurrency-assets/pwc-global-crypto-regulation-report-2023.pdf and perhaps get more details around page #23.
I have yet read the full report!
copper member
Activity: 1386
Merit: 1481
Bitcoin Bottom was at $15.4k
September 14, 2023, 08:17:22 AM
#1
Bybit expects to exit the UK market as new regulations loom.


https://www.theblock.co/post/251007/bybit-expects-to-exit-uk-market-as-new-regulations-loom
Author: Ryan Weeks

Bybit CEO Ben Zhou said that new marketing rules — that take effect on Oct. 8 — will likely mean Bybit exits the UK.



So why doesn't it affect any other crypto exchange and why Bybit only? Anyone from UK can help me understand this?  Roll Eyes
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