Bybit, the second largest cryptocurrency exchange by volume, has decided to temporarily pause its operations in the European Economic Area (EEA) to align with current regulations. This measure aims to comply with the reverse solicitation principle, affecting communication with new clients while maintaining access for current users.

Obtaining the MiCAR license in Austria is key for Bybit, demonstrating its commitment to user protection and a safe trading environment. This strategy underscores its dedication to a future where innovation and regulatory compliance coexist.