{"id":145029,"date":"2024-12-18T15:00:50","date_gmt":"2024-12-18T13:00:50","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145029"},"modified":"2024-12-18T03:47:49","modified_gmt":"2024-12-18T01:47:49","slug":"bybit-to-end-services-for-french-users-amid-regulatory-pressures","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bybit-to-end-services-for-french-users-amid-regulatory-pressures\/","title":{"rendered":"Bybit to End Services for French Users Amid Regulatory Pressures"},"content":{"rendered":"<p>Affected users are <strong><a href=\"https:\/\/announcements.bybit.com\/en\/article\/urgent-action-required-withdraw-your-assets-blt1cc27bcc231c3b4f\/\" rel=\"nofollow\">advised<\/a> <\/strong>to withdraw their funds before the deadline to avoid disruptions in accessing or transferring their assets.<\/p>\n<p>To assist users, Bybit will transfer any unclaimed funds exceeding 10 <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a> <\/strong>to Coinhouse, a licensed French crypto custodian. Those wishing to access these funds must complete identity verification with Coinhouse. Accounts with balances below 10 USDC will incur a termination fee of 10 USDC, deducted from the remaining balance.<\/p>\n<p>Bybit cited increasing regulatory restrictions in France as the reason for the decision. After the January 8 deadline, asset transfers to Coinhouse will begin, with withdrawals temporarily suspended until January 16, 2025. Funds will be accessible through Coinhouse for users who have verified their accounts, but those without a Coinhouse account must register and complete KYC.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-144960\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The move comes as crypto exchanges face heightened regulatory challenges globally. Bybit has already faced legal hurdles in other jurisdictions, including a $225 million settlement with FTX in October.<\/p>\n<p>Meanwhile, France\u2019s tight regulations have led to the shutdown of crypto platforms like Polymarket, which violated gambling laws. Other exchanges, such as Binance and Coinbase, have also withdrawn from markets due to regulatory issues, highlighting the industry\u2019s global compliance struggles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bybit has announced it will cease offering withdrawal and custody services to users in France starting January 8, 2025, amid rising scrutiny from French regulators.<\/p>\n","protected":false},"author":9,"featured_media":49179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[426,280,424],"coin_category":[],"class_list":["post-145029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-binance","tag-coinbase","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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