Bybit expects to exit UK market

[tabas]

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Such policies are really game changers especially if they're favorable to the community but if not, they'll have to see the effect of it and who knows if they will alter that decision later on.

I see this does not bring more benefits in the long run. After all, crypto literally cannot be censored, especially in P2P use.

Well, that's true and cannot be denied. Despite that this is like the space where anonymity and censorship is its utmost feature, with all these matters that's being lowkey removed.

I remember the case of Binance where they were able to serve Chinese users thanks to employee guidance, they actually grew in a country that was against crypto.

Yeah, I remember that and that issued died eventually and seems to be like forgotten forever. This is what regulations they're getting that seems to be strict in actions but we see how the system has a glitch.

[Jascrypt]

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? 

Fortunately,  I'm not from the UK but their consistent exit from countries that roll out crypto policies calls for concern. Tho, I still hold some tokens there but my attention has now been switched to Bitget cos it seems they are complying with countries that Bybit and Binance are exiting.

The UK policy wasn't obviously against crypto operations which is why I still expect Bybit to release a statement to explain their reason for the exit.