ByBit Ceases Operations In UK Following Implementation Of New Rules

Bybit logo displayed on a phone screen and representation of cryptocurrency are seen in this illustration photo taken in Krakow, Poland in 2022.  The company announced its exit from the U.K. market after the imposition of stricter rules by the U.K. Financial Conduct Authority. JAKUB PORZYCKI/ NURPHOTO VIA GETTY IMAGES. 

Crypto exchange ByBit announced its exit from the U.K. market after the imposition of stricter rules by the U.K. Financial Conduct Authority.

However, CEO Ben Zhou denied all exit rumors early this week and stated that it is still exploring all options to stay in the country.