Bybit announced that it will temporarily restrict services to Indian users from January 12

CoinRank News: Bybit officially announced that due to the latest policies of Indian regulators and the continuation of previously implemented restrictions, Indian users will temporarily be unable to open new transactions or access any products on the Bybit platform from 8:00 am UTC on January 12, 2025. The only exception is the withdrawal function, which will be maintained for the convenience of users. The specific impacts include: 1. Trading and deposits: All cryptocurrency and fiat currency trading products will stop new orders, and existing derivatives positions will be adjusted to close only mode, and positions cannot be added or modified. The deposit function of cryptocurrency and fiat currency will also be temporarily suspended. 2. Copy trading and trading robots: All master-slave relationships and trading robots for copy trading will be terminated before 5AM UTC on January 13. 3. P2P advertising: All advertisements denominated in Indian rupees (INR) will be removed at 8AM UTC on January 12. Bybit stated that it will continue to be committed to complying with relevant regulations, providing compliant services to users, and providing convenient withdrawal channels for affected users.