Starting January 12, 2025, Bybit will limit access for Indian users, preventing new trades and product access. Existing positions will only be closed without modification options. This temporary measure, however, allows users to withdraw funds despite these limitations.

In response to India’s regulatory landscape, Bybit aims to comply by seeking registration as a Virtual Digital Asset Provider with the Financial Intelligence Unit (FIU). This move is to ensure adherence to local laws and continue operations in India.

Bybit expressed its commitment to Indian users, planning to resume normal services upon completing registration. While apologizing for potential inconvenience, Bybit urges users to reach out for assistance through the official support channels. The company affirms ongoing efforts to collaborate with Indian regulators.