Bybit crypto exchange to impose KYC rules
The world’s fifth-largest cryptocurrency derivatives exchange is implementing KYC rules to improve security compliance. Bybit, the world’s fifth-largest cryptocurrency derivatives exchange by trading volume, is planning to impose Know Your Customer rules.The Singapore-based company posted several statements on introducing major KYC policies on its platform in order to “improve security compliance for all traders.” A spokesperson for Bybit customer support told Cointelegraph that the new KYC rules are likely to be implemented by mid-July:“This might be launched in the middle of the month.....
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The U.K. government has announced plans to impose new rules on cryptocurrency ads to ensure they are fair, clear, and not misleading to consumers. The rules will be enforced by the Financial Conduct Authority (FCA).
UK to Impose New Rules on Crypto Ads
The U.K. government announced Tuesday plans to impose new rules on cryptocurrency advertisements to “protect consumers from misleading claims.” The announcement states:
New rules will increase consumer protection while encouraging innovation.
The U.K. chancellor of the exchequer, Rishi Sunak, commented:....
Cabital's fiat-to-crypto on and off ramp service reportedly allows Bybit customers to purchase cryptocurrencies at reduced gas costs. Today, Singapore-based crypto exchange, Bybit, announced a new partnership with digital assets institution Cabital for EUR and GBP on-ramp integration. Bybit crypto exchange platform users can now use EUR and GBP to buy cryptocurrency directly on the system through Cabital's fiat on-ramp solution, with no transfer fees between their Bybit and Cabital wallets. According to the release, Cabital's fiat-to-crypto on and off ramp service allows Bybit customers to....
Looking to kick start a crypto journey? It’s never too late to sign up for a Bybit account to join a global community of traders. Not only does ByBit offer beginner-friendly products and services, but a person can also earn up to $20 worth of BTC when they register and complete tasks on Bybit.
Bybit Evergreen Campaign
Sounds like a good deal? No doubt it is.
Here’s the steps to follow:
Step 1: Register for an account on Bybit
Step 2: Verify identity via KYC Level 1
Step 3: Make a first-time deposit or trade....
Insolvent FTX exchange has laid serious allegations against rival crypto exchange, ByBit, filing a $953 million lawsuit against the Dubai-headquartered exchange on Friday in a court in Delaware, United States. FTX had stated that Mirana, an investment arm of ByBit, had been an avid user of the FTX crypto exchange for years and had an […]
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant to “improve security compliance for all traders.” Bybit Says Companies and Individual Clients Mandated to Complete Systematic KYC Policy by July 12 The cryptocurrency derivatives exchange Bybit plans to introduce a systematic KYC element to the platform by July 12. The exchange is letting customers....