Prominent crypto exchange Bybit has denied reports stating the company’s intention to exit the United Kingdom ahead of the nation’s new financial rules expected to go into effect from October 8th, 2023.
Bybit Intends To Stay In The UK For The Long Term
Earlier Wednesday, various media sites reported that Bybit found the new UK marketing rules for crypto firms “quite strict” and plans to withdraw its services from the island nation.
These reports claimed the Dubai-based exchange was looking to shut down its market in various countries with stringent regulations, including the UK.
However, a few hours after the circulation of these reports, Bybit released a statement on social media platform X, stating its commitment to the UK.
The statement read:
At Bybit, we consider the UK to be a highly important market for the advancement of crypto and blockchain technologies. Our commitment to this market is unwavering, and we intend to maintain our presence in the UK for the long term.
We współpracy z: https://bitcoinist.com/bybit-clarifies-position-on-reported-uk-exit/
