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Bybit withdraws from French market for regulatory violations

Cryptocurrency exchange Bybit said in a post on Thursday that it would withdraw its services in France in light of regulatory developments. From August 2, French users will no longer be able to buy any products or increase their positions from Bybit, and all deposits in French user accounts will be restricted. "Please close and close all unpositioned squaring positions in all products and begin withdrawing assets, funds and assets from your account," the release said.