Anykycaccount
Can you use Bybit in the UK?
As of now, Bybit does not allow users from the UK to trade on its platform. This restriction is due to regulatory measures imposed by the UK's Financial Conduct Authority (FCA). The FCA has taken a stringent stance on cryptocurrency derivatives, impacting platforms like Bybit.
Bybit UK: Current Status
* Regulatory Restrictions:
* In March 2021, the FCA banned the sale of crypto derivatives and exchange-traded notes (ETNs) to retail consumers in the UK. As a result, Bybit, which offers leveraged derivatives trading, had to cease its services for UK residents.
* Account Access:
* UK users can still access their Bybit accounts to withdraw funds, but they cannot engage in trading activities or deposit new funds.
* Compliance:
* Bybit complies with the FCA’s regulations to avoid legal repercussions. The platform advises UK users to withdraw their assets and seek alternative exchanges that comply with UK regulations.