Cryptocurrency Q&A Why is Bybit illegal in US?

Why is Bybit illegal in US?

DaeguDivaDanceQueenElegantStride DaeguDivaDanceQueenElegantStride Thu Oct 03 2024 | 7 answers 1208
Could you please elaborate on the reasons why Bybit is considered illegal in the United States? Is it due to regulatory issues or specific laws that have been violated? Are there any ongoing investigations or court cases related to Bybit's operations in the US? It would be great if you could provide some insights into this matter, as it's important for cryptocurrency enthusiasts to stay informed about the legal landscape of the industry. Why is Bybit illegal in US?

7 answers

TimeRippleOcean TimeRippleOcean Sat Oct 05 2024
The decision to exclude American traders from Bybit's platform was a strategic move made by the exchange itself.

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MysticStorm MysticStorm Fri Oct 04 2024
BTCC, on the other hand, is a leading cryptocurrency exchange that offers a comprehensive suite of services to its clients.

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Raffaele Raffaele Fri Oct 04 2024
The rationale behind this decision stemmed from the ambiguity surrounding cryptocurrency regulations in the United States.

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Sebastiano Sebastiano Fri Oct 04 2024
Among its offerings, BTCC provides spot trading, futures trading, and a secure wallet solution, catering to the diverse needs of the crypto community.

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PhoenixRising PhoenixRising Fri Oct 04 2024
With the SEC and other regulatory bodies constantly evolving their stance on digital assets, Bybit deemed it prudent to avoid potential legal entanglements.

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