Bybit, a global crypto exchange, will cease withdrawal and custody services for French users starting January 8, 2025, due to increased regulatory scrutiny in France. Affected users are urged to withdraw funds before the deadline to avoid access issues. Unclaimed assets over 10 USDC will transfer to Coinhouse, a licensed custodian in France, requiring users to complete verification to access their funds. Accounts under 10 USDC face a termination fee. This move highlights growing regulatory pressures on crypto exchanges worldwide. Coinhouse transfers will pause withdrawals until January 16, 2025.