Cryptocurrency Q&A
Is Bybit banned in the US?
Is Bybit banned in the US?
Silvia
Wed Sep 11 2024
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7 answers
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Hello there, I'm curious about something related to cryptocurrency exchanges. I've heard a lot about Bybit, but I'm wondering if it's accessible to users in the United States. Could you please clarify if Bybit is banned in the US, or if there are any restrictions that prevent American citizens from using their services? It would be greatly appreciated if you could provide some insight into this matter. Thank you in advance for your help!
7 answers
GwanghwamunGuardianAngelWingsBlessing
Fri Sep 13 2024
ByBit, a prominent cryptocurrency trading platform, is currently inaccessible to individuals residing in the United States. This restriction stems from ByBit's non-compliance with the regulatory framework established by the country's financial oversight bodies.
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KDramaLegend
Fri Sep 13 2024
During the registration process, potential users are obligated to affirm that they do not hold citizenship or residency status within the United States. This measure is in place to ensure compliance with existing regulations and prevent unauthorized access.
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Tommaso
Fri Sep 13 2024
The Securities and Exchange Commission (SEC), a pivotal financial regulatory agency in the US, has not yet granted ByBit the necessary approvals or licenses to operate within its jurisdiction. Consequently, ByBit's services are deemed illegal in the country.
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Enrico
Fri Sep 13 2024
Despite its inaccessibility in the US, ByBit remains a popular choice among cryptocurrency traders globally, offering a range of advanced trading features and instruments.
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Martino
Thu Sep 12 2024
In contrast to ByBit's situation, other cryptocurrency exchanges, such as BTCC, have successfully navigated the complex regulatory landscape and established a strong presence in various markets, including the US (where applicable).
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