{"id":146517,"date":"2025-01-11T15:00:25","date_gmt":"2025-01-11T13:00:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146517"},"modified":"2025-01-11T02:09:37","modified_gmt":"2025-01-11T00:09:37","slug":"bybit-temporarily-halts-crypto-trading-in-india-amid-regulatory-challenges","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bybit-temporarily-halts-crypto-trading-in-india-amid-regulatory-challenges\/","title":{"rendered":"Bybit Temporarily Halts Crypto Trading in India Amid Regulatory Challenges"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/announcements.bybit.com\/en\/article\/temporary-restriction-of-services-in-india-blt13f0abc8bb7ac9b2\/\" target=\"_blank\" rel=\"nofollow\">suspension<\/a><\/strong>, set to begin on January 12, will affect trading, account registrations, and order placements, though users can still withdraw funds without restrictions.<\/p>\n<p>The exchange is working to finalize its registration as a Virtual Digital Asset Service Provider in India, a process it expects to complete soon. Bybit emphasized that the pause is temporary and aims to ensure compliance with local regulations.<\/p>\n<p>This move follows similar regulatory challenges Bybit has faced in other countries. In 2024, the exchange suspended operations in France while seeking a necessary license, and Japan\u2019s financial regulators recently warned Bybit for operating without proper authorization.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<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 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/russian-authorities-seize-bitcoin-and-assets-in-bribery-case-involving-former-investigator\/\" title=\"Russian Authorities Seize Bitcoin and Assets in Bribery Case Involving Former Investigator\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-23-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Russian Authorities Seize Bitcoin and Assets in Bribery Case Involving Former Investigator<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>India\u2019s tightening crypto regulations have created a challenging environment for exchanges. Authorities recently uncovered $97 million in unpaid taxes from platforms like Binance and WazirX, while also expressing support for banning private cryptocurrencies in favor of promoting Central Bank Digital Currencies (CBDCs).<\/p>\n<p>Despite these hurdles, India remains a key player in the global crypto space, ranking among the top 10 countries in the 2024 Global Crypto Adoption Index. Bybit\u2019s temporary exit reflects the complexities of navigating this regulatory landscape while acknowledging the region\u2019s growing appetite for digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bybit, a leading global cryptocurrency exchange, has announced a temporary halt to its trading services in India due to evolving regulatory requirements.<\/p>\n","protected":false},"author":7,"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":[],"class_list":["post-146517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bybit Temporarily Halts Crypto Trading in India Amid Regulatory 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