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News Explorer — Bybit Plans UK Exit as New FCA Marketing Rules Come Into Force
The Block
Bybit Plans UK Exit as New FCA Marketing Rules Come Into Force
Bybit, a major crypto exchange operator, plans to withdraw from the UK due to new marketing rules that will be implemented soon. The Financial Conduct Authority (FCA) will enforce these rules, which aim to increase transparency and accuracy in the marketing of crypto products. Bybit’s CEO, Ben Zhou, stated that the new rules will impact solicitation practices and that the exchange is likely to cut ties with the UK altogether.
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Sep 14, 5:13 am
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