Bybit Limits Global Platform for EEA Users Amid EU Regulatory Pressure

Bybit has announced it will gradually restrict access to its global platform for residents of the European Economic Area (EEA) in order to align its operations with regional regulatory requirements.

The move comes as the EU's Markets in Crypto-Assets (MiCA) regulation takes full effect on July 1, requiring all crypto service providers targeting EU clients to obtain a license from a member state regulator.

Bybit stated that certain services on Bybit Global will be restricted for EEA users, with affected users receiving advance notice and retaining access to their assets during the transition period.

The exchange emphasized that it is working to meet MiCA requirements by limiting access to its global platform for EEA users.