Topic: Bybit Temporarily Halts India Operations: What Does This Mean? (Read 11 times)
To know if such topic is existing already on the exchange board, it is easy to know as you will see it on the first page of the exchange board. You can clearly see Solani locked his thread and another thread created by Oshosondy which is the topic. Both mentioned Bybit which can easily be used to know that the topic is already existing.
It came as surprising news to me that, starting January 12, Bybit has decided to suspend all of its services for users in India, citing regulatory compliance issues. In their words " Due to recent developments from Indian regulators and in continuation of previously implemented restrictions. Indian users will temporarily be unable to open new trades or access any products on the Bybit platform.”"
https://cointelegraph.com/news/bybit-suspends-crypto-trading-india)
While this situation unfolds, I’d suggest finding a reliable and compliant exchange with good Proof of Reserves (PoR) and protection funds that cater to users' needs. How’s it going with WazirX though?
By the way, I’m concerned about this development. Do you think this suspension could be prolonged? I hope you have a suitable backup plan so you can continue your trading experience smoothly.
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