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Bybit Expands to Hong Kong Amidst Regulatory Crackdown in US

Published 04/03/2023, 08:50 AM
Updated 04/03/2023, 09:00 AM
Bybit Expands to Hong Kong Amidst Regulatory Crackdown in US

  • Bybit has been eyeing an expansion to Hong Kong amidst the regulatory crackdown on crypto in the US.
  • Hong Kong is hoping to become a crypto hub again and has been trying to lure more crypto entities.
  • Some platforms have expressed concerns that the proposed regulations in Hong Kong may be too conservative.
Dubai-based crypto exchange Bybit has recently announced plans to expand its operations to Hong Kong. Along with this expansion, the platform aims to establish a research and development forum, as well as marketing groups that will operate in the city.

Bybit's move to Hong Kong comes amidst the current regulatory climate, with the ongoing regulatory crackdown on crypto in the United States playing a significant role in their efforts to attract more crypto entities.

Bybit Secures License

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