Bybit announced that it will temporarily restrict services to Indian users from January 12

PANews reported on January 10 that the cryptocurrency exchange Bybit announced that due to the latest policy of the Indian regulator, it will temporarily restrict Indian users from all transactions and product usage on the platform from 8AM UTC on January 12, 2025. The only exception is the withdrawal function, which can still be used normally.

Specific restrictions include:

• Trading and deposits : New orders are stopped, and existing derivatives positions are adjusted to "close only" mode, and positions cannot be added or modified. Cryptocurrency and fiat currency deposit functions are temporarily suspended, and withdrawal functions are not affected.

• Copy Trading and Trading Robots : All master-slave relationships and trading robots will be terminated before 5AM UTC on January 13th .

• P2P Ads : All Indian Rupee (INR) ads will be removed on January 12th at 8AM UTC .

• Event Missions : Starting January 12th at 8AM UTC , users will not be able to complete any new or ongoing event missions.

• Bybit Card : All transactions will be restricted.