ByBit has been at odds with the Autorité des Marchés Financiers (AMF) since 2022 when the regulator blacklisted the exchange.
Popular cryptocurrency exchange ByBit announced it is halting operations in France and restricting account features for French users in an Aug. 1 press release.
ByBit cited “recent regulatory developments” by France’s financial regulator, Autorité des Marchés Financiers (AMF), as the catalyst for halting operations in the European country.
The centralized exchange cautioned French users that their accounts will be “restricted to close-only” configuration, preventing new positions from being opened or new funds from being deposited across ByBit’s services and products beginning on Aug. 2.
