Market
What strategy will Bybit adopt to comply with global regulations by mid-2025?
2
Resolution / Starting Odds
Register in more countries • 25%
Withdraw from more markets • 25%
Partnerships for compliance • 25%
No significant change • 25%
Bybit's official announcements or industry reports
Story
Malaysia Bans Bybit and CEO Ben Zhou, Halts Local Operations and Advertising for Unregistered Crypto Exchange
Dec 30, 2024, 01:38 AM
The Securities Commission of Malaysia has taken decisive action against Bybit and its CEO, Ben Zhou, for operating an unregistered digital asset exchange within the country. As part of this enforcement, Bybit has been banned from operating in Malaysia, and the regulator has ordered an immediate cessation of advertising and the shutdown of Telegram support groups aimed at Malaysian investors. This move reflects a broader trend of tightening regulations on cryptocurrency exchanges globally, as authorities seek to ensure compliance and protect investors.
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AML/KYC enhancements • 25%
No new measures • 25%
Technological upgrades • 25%
New governance structure • 25%
Obtains a new license in Europe • 25%
Other • 25%
Obtains another broker license in Latin America • 25%
Obtains a new license in Asia • 25%
Increased regulations • 25%
Unclear outcome • 25%
Decreased regulations • 25%
Status quo • 25%
Other strategic changes • 25%
Strengthen compliance • 25%
Seek legal appeals • 25%
Business as usual • 25%
No significant change • 25%
Relocate operations • 25%
Cease certain services • 25%
Increase compliance measures • 25%
Increased bans • 25%
Relaxed regulations • 25%
No change • 25%
Stricter regulations • 25%
Stricter regulations • 25%
No significant change • 25%
Other changes • 25%
Looser regulations • 25%
No significant changes • 25%
Withdrawal from certain markets • 25%
Expansion in other areas • 25%
Increased compliance measures • 25%
