Bybit exits Canada ahead of new stricter regulations

Bybit exits Canada ahead of new stricter regulationsCredit: financefeeds


4 months ago

Cryptocurrency exchange Bybit today informed its Canadian users that it would cease operations and no longer be accepting new customers effective .  The industry’s giant seemingly opted to pull out of Canada,

Trained AI Editor

Bybit, a Singapore-based cryptocurrency derivatives exchange, has announced that it will be exiting the Canadian market effective immediately due to the new stricter regulations. The company said in a statement that the regulatory environment for digital asset trading in Canada has become increasingly uncertain, making it difficult for Bybit to continue operating in the country. The company added that it will continue to monitor the situation and may consider re-entering the Canadian market in the future. The move comes as Canada has recently implemented stricter regulations on digital asset trading, including the introduction of the Digital Assets Regulation Act. The new regulations require exchanges to register and comply with certain requirements, such as KYC/AML procedures, customer protection, and general governance. Bybit is the latest exchange to exit the Canadian market, following in the footsteps of other popular exchanges such as Binance, Huobi, and KuCoin.

Read all headlines

What is Landindex?

Landindex is the world’s most trusted and accurate source for Metaverse market information, pricing, and data, including Metaverse analytics, Metaverse land price, Metaverse floor price, and Metaverse statistics. Landindex is a U.S. company registered in the United States of America. Landindex has been the premier price-tracking website for Metaverse sales and acquisitions, including those in the Metaverse. It is the most referenced and trusted source for comparing thousands of land properties, including those within Metaverse, in the real estate space by users, institutions, and media. Landindex firmly stands for accurate, timely, and unbiased information, enabling each end user to draw their own informed conclusions from Landindex data, including Metaverse analytics, Metaverse land price, Metaverse floor price, and Metaverse statistics.

what is metaverse metaverse analytics metaverse land in today Best metaverse analytics metaverse analytics how to buy metaverse land metaverse metaverse nedir metaverse en iyi metaverse projeleri Analytics in the Metaverse What You Should Know What is Metaverse Analytics? How can I analyze metaverse land in 2023-2024? The Metaverse: What Is It? The Metaverse: What Is It? 2023-2024-2025-2030 Metaverse Land Investing otherdeed analytics What Is the Metaverse Exactly? The Metaverse. What is it ? Metaverse Metaverse land Metaverse Investing Metaverse Youtube metaverses potential value america Binance Announces Exit from Russia metaverse land What is the Metaverse? An Explanation and In-Depth Guide Metaverse github chainlink price prediction october 2023 good investment