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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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Similar markets
Other • 25%
Obtains a new license in Asia • 25%
Obtains a new license in Europe • 25%
Obtains another broker license in Latin America • 25%
Increase compliance measures • 25%
Cease certain services • 25%
Relocate operations • 25%
No significant change • 25%
No change • 25%
Increased bans • 25%
Stricter regulations • 25%
Relaxed regulations • 25%
Withdrawal from certain markets • 25%
Increased compliance measures • 25%
Expansion in other areas • 25%
No significant changes • 25%
Other • 25%
Binance • 25%
Coinbase • 25%
Kraken • 25%
Coinbase • 25%
Other • 25%
Kraken • 25%
Binance.US • 25%
Compliance with regulations • 25%
Legal action taken • 25%
Relocation outside U.S. • 25%
Other responses • 25%
Other • 25%
IRS crypto tax reporting rules • 25%
SEC crypto regulations • 25%
CFTC crypto derivatives rules • 25%
25 to 30 • 25%
31 to 35 • 25%
More than 35 • 25%
Less than 25 • 25%
