Bybit's Commitment to Compliance: Navigating EEA Regulations

Bybit's Regulatory Strategy

Bybit, a leading cryptocurrency exchange, is reinforcing its commitment to transparency and regulatory compliance. The exchange is navigating evolving regulations by temporarily adjusting its services within the European Economic Area (EEA). This strategic move is part of Bybit's broader effort to align with European standards, enhancing both user protection and the trading environment's security.

MiCAR License Pursuit

Central to Bybit’s compliance strategy is obtaining a Markets in Crypto-Assets Regulation (MiCAR) license in Austria. This endeavor highlights Bybit’s dedication to meeting stringent regulatory requirements. Securing this license represents a significant milestone, enabling Bybit to meet and exceed the expectations of regulators and users alike. This proactive approach ensures a seamless coexistence of innovation and compliance.

Temporary EEA Operations Adjustment

To adhere to regulatory laws, particularly regarding reverse solicitation, Bybit has decided to pause communication with the EEA region. While existing customers retain access to their crypto assets, this measure is crucial for maintaining Bybit’s compliance-first approach. Once the MiCAR license is obtained, Bybit plans to resume engagement with EEA clients in compliance with applicable laws.

Balancing Innovation and Compliance

As cryptocurrency adoption grows globally, Bybit remains committed to delivering secure and reliable trading experiences. This commitment involves a temporary operational adjustment in the EEA, allowing Bybit to focus on securing necessary licenses and ensuring a fully compliant platform for EEA clients. The company aims to set industry standards for safety and sustainability.

Commitment to the EEA Market

Bybit is dedicated to serving its EEA clients upon receiving the MiCAR license. The company is actively engaging with regulatory authorities to expedite the licensing process and resume full operations in the region. Bybit appreciates user support during this pivotal regulatory journey and encourages users to contact its Customer Support team for assistance.

Bybit continues to provide a professional platform for crypto investors, supported by an ultra-fast matching engine, 24/7 customer service, and multilingual community support.