Bybit Will Not Ban Russian Users

News
Reading Time: < 1 minute

Crypto exchange Bybit will not impose restrictions for Russian users.

According to Bybit representatives, they will not “discriminate against users based on their location and passport.” The restrictions would only apply if the customer’s jurisdiction does not allow futures trading without licenses. Such a ban is in effect, for example, in the US, Singapore and China.

Bybit got a license in the UAE in March and soon moved its headquarters to Dubai.

The Monetary Authority of Singapore has earlier reminded that licensed cryptocurrency exchanges to comply with sanctions against Russia.

If you like our content and want to support us, please follow us on Twitter, Facebook and Instagram and don’t miss the latest news!