PANews reported on August 2 that according to The Block, the crypto exchange Bybit will stop providing products or services in France. Starting at 16:00 Beijing time on August 2, French users will not be able to purchase any type of product, open new positions, or add new positions. All Bybit products, including Bybit Earn and all spot products are included in the restrictions. All remaining open positions of French users will be closed after 16:00 Beijing time on August 13. Only asset and fund withdrawals will be allowed thereafter. With the EU Crypto-Asset Market (MiCA) regulatory framework set to take full effect in December this year, it has become more difficult for crypto companies to obtain licenses in France. Bybit said in a press release on Thursday: "In light of recent regulatory developments by French regulators, Bybit will stop providing our products and services to French nationals and residents. Once we obtain the appropriate licenses, we look forward to providing services again in the near future."