Cryptocurrency exchange Bybit
$3.31 billion
Starting January 12 at 8:00 am UTC, users in India You will no longer be able to open new accounts, exchange cryptocurrencies or place new orders on the platform.
The exchange explained that the The decision aligns with its commitment to fully comply with applicable laws..
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in a statement launched on January 10, Bybit recognized increasing regulatory oversight in India. The statement noted:
Due to recent developments by Indian regulators and the continuation of previously implemented restrictions, <…> Indian users will temporarily not be able to open new trades or access any products on the Bybit platform.
However, Bybit clarified that users can still withdraw their funds without restrictions.
For Indian users, although new orders are restricted, the platform allows the management of existing trading positions. However, no modifications or additions to these positions are permitted.
Bybit stated: “Any existing derivatives positions will be placed in close-only mode. This means that you will not be able to add or modify these positions.but you can still manage closing positions.”
Meanwhile, on January 8, Coinbase
987.61 million dollars
Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
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