And you know what this means. It's just a matter of time before they also impose strict KYC verification as away of sieving traders from countries that have been banned from using their service. This will definitely be sad for most of us who hate KYC, but it's inevitable.
Do we have any more derivative exchanges that do not require mandatory KYC verification yet?
Topic: [Heads-up] UK services Bybit (Read 100 times)
Just for the heads up.
Bybit will gonna suspend UK services. As FCA (Financial Conduct Authority) already implemented the regulations and ban of cryptocurrency related activity like trading, Bybit will now end trading for UK traders.
Well, Governments have different perspective of views about cryptocurrency. And UK wanted to ensure their netizens will be safe from deficit and losses with these volatile crypto market.
Bybit will gonna suspend UK services. As FCA (Financial Conduct Authority) already implemented the regulations and ban of cryptocurrency related activity like trading, Bybit will now end trading for UK traders.
Quote
The move follows a blanket ban on all retail cryptocurrency derivatives trading by the Financial Conduct Authority, and U.K. customers will be given until March 31 to close out positions and withdraw their funds from the platform, a company announcement stated.
Well, Governments have different perspective of views about cryptocurrency. And UK wanted to ensure their netizens will be safe from deficit and losses with these volatile crypto market.
Code:
ref:
https://cointelegraph.com/news/cryptocurrency-exchange-bybit-shuts-up-shop-in-uk-in-compliance-with-fca-ban
https://cointelegraph.com/news/cryptocurrency-exchange-bybit-shuts-up-shop-in-uk-in-compliance-with-fca-ban
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