QUESTION
Is it possible to use Bybit in the UK?
ANSWER
As of the current understanding, the usage of Bybit in the UK is complex due to regulatory restrictions. The Financial Conduct Authority (FCA), which regulates financial services in the UK, has put measures in place that ban the sale of crypto derivatives and exchange-traded notes (ETNs) to retail consumers. This move, effective from January 2021, directly impacts platforms like Bybit which offer cryptocurrency derivative products. Hence, while technically one might access Bybit using various means, doing so would go against local regulations and official guidance set out by the FCA. It is vital for residents in the UK to comply with their jurisdiction's laws and regulations regarding cryptocurrency trading and engagement in financial markets.
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