Bybit announces temporary restrictions on Indian user services starting from January 12

PANews reported on January 10 that the cryptocurrency exchange Bybit announced that due to the latest policies of Indian regulatory agencies, it will temporarily restrict all transactions and product use by Indian users on the platform starting from 8AM UTC on January 12, 2025. The only exception is The withdrawal function can still be used normally.

Specific restrictions include:

• Trading and Deposits : New orders are stopped, existing derivatives positions are adjusted to "Close Only" mode, and positions cannot be added or modified. Cryptocurrency and fiat currency deposit functions are temporarily disabled, and withdrawal functions are not affected.

• Copy trading and trading robots : All master-slave relationships and trading robots will be terminated before 5AM UTC on January 13th .

• P2P Ads : All Indian Rupee (INR) ads will be removed on January 12th at 8AM UTC .

• Active Tasks : As of 8AM UTC on January 12 , users will not be able to complete any new or ongoing active tasks.

• Bybit Card : All transactions will be restricted.