Bybit suspends services in India

[sokani]

It looks like Bybit has succumb to pressure as a result of the continual breathing down of its neck by Indian regulators and will be terminating its services to Indian users starting from 12 Jan, 2025. So if you're a trader and you've funds in Bybit, start withdrawing now.

"At Bybit, our primary objective has always been to operate in full compliance with all applicable rules and regulations. Due to recent developments from Indian regulators and in continuation of previously implemented restrictions, we regret to inform you that, effective Jan 12, 2025, 8AM UTC, Indian users will temporarily be unable to open new trades or access any products on the Bybit platform. The only exception will be withdrawals, which will remain available for your convenience".
https://announcements.bybit.com/en/article/temporary-restriction-of-services-in-india-blt13f0abc8bb7ac9b2/

[Charles-Tim]

The discussion is ongoing here: https://bitcointalk.org/index.php?topic=5525998.msg64938730#msg64938730

But Bybit was not mentioned in the topic title but mentioned while posting only could have been the reason you did not see the topic. Also the topic supposed to be on the exchange board.

[sokani]

The discussion is ongoing here: https://bitcointalk.org/index.php?topic=5525998.msg64938730#msg64938730

But Bybit was not mentioned in the topic title but mentioned while posting only could have been the reason you did not see the topic. Also the topic supposed to be on the exchange board.

I didn't see it and thank you for letting me know there's an existing topic. Locking this one.