It is a bad news for Indian users who are dealing in Crypto because now one exchange known as bybit has announced to stop and restrict trading services for the users in the country. Users those are using the exchange for all their trading services and requirement so then it to know this news as soon as possible to avoid any inconvenience later and the exchange has published the official announcement so that more people are aware about this upcoming change.
Such changes are not at all good for the Crypto ecosystem because it affects the entire user base that are dependent upon such platforms and that to the some of the exchanges are able to provide the services and some of them are struggling because of some regulatory requirements. It is understood that a compliance is necessary for all the exchanges but at the same time government also need to understand that bringing search Harsh regulations and making things difficult not help us as well as the platform that are operating in the market.
Now because they exchange has announce that they are going to the restrict the trading for Indian users so it will surely create a lot of chaos for the crypto traders. What do there is one good thing which has come out that they change it saying this is the temporaries suspension for the services and later on things will be back to normal because the exchange is in process to get the registration done and get compliant.
Hopefully this happens soon so that the uses that are going to have tough time because of this change which is just going to happen in next to clap days will not be having a really tough time. The market is bulls and this time it is going to be very tough for the regular traders because now they will have to look for another options and they must be holding some balances in the wallet which is not sure that how it will be used.
The government is taking harsh decisions which is really bad but hopefully this is going to be temporary face for the uses as well as for the exchange and they will figure out the best possible way to overcome and fix this problem.
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