Bybit announces temporary restrictions on user services in India, effective from January 12th

Due to the latest policy from Indian regulatory authorities, Bybit will temporarily restrict all transactions and product usage by Indian users on the platform starting from 8 AM UTC on January 12, 2025, with the only exception being the withdrawal function, which can still be used normally. The specific impacts include: • Trading and deposits: All cryptocurrency and fiat trading products will cease new orders, and existing derivative positions will be adjusted to a "close only" mode, with no ability to add or modify positions. The deposit function of cryptocurrencies and fiat currencies will also be temporarily suspended. Copy trading and trading robots: All master slave relationships and trading robots involved in copy trading will terminate before 5 AM UTC on January 13th. P2P advertising: All ads priced in Indian Rupees (INR) will be removed on January 12th at 8 AM UTC. Bybit stated that it will continue to be committed to complying with relevant regulations, providing compliant services to users, and offering convenient withdrawal channels for affected users.