Bybit CEO: New marketing regulations in the UK may force Bybit to exit the UK market

ChainCatcher news, according to The Block, Bybit CEO Ben Zhou stated that the new marketing rules in the UK, effective October 8, may force Bybit to exit the UK market.

It is reported that the new UK marketing regulations classify cryptocurrency services as a high-risk investment category for UK marketing materials, requiring all global platforms to display clear risk warnings to UK customers and to have any public promotional activities approved by authorized companies.

ChainCatcher previously reported that the cryptocurrency trading platform Bybit announced it would begin exiting the Canadian market on May 31 due to recent regulatory developments in Canada.