Bybit Will Not Ban Russian Users

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Crypto exchange Bybit will not impose restrictions for Russian users.

According to Bybit representatives, they will not “discriminate against users based on their location and passport.” The restrictions would only apply if the customer’s jurisdiction does not allow futures trading without licenses. Such a ban is in effect, for example, in the US, Singapore and China.

Bybit got a license in the UAE in March and soon moved its headquarters to Dubai.

The Monetary Authority of Singapore has earlier reminded that licensed cryptocurrency exchanges to comply with sanctions against Russia.