Bybit Halts Operations in France Due to Regulatory Challenges

The cryptocurrency exchange cites non-compliance with French regulations and the new EU crypto law as reasons for its exit.

French users' accounts will enter 'close-only' mode, preventing new positions or deposits.
Bybit has been blacklisted by France's AMF since May 2022 for regulatory non-compliance.
The exchange's card services for French customers will also cease operations.
Bybit's withdrawal aligns with the EU's Markets in Crypto-Assets regulation, effective from December 2024.
Bybit has faced similar regulatory exits in the UK and Canada.