The discomfort and frustration I'm feeling right now is immeasurable. Bybit's decision to halt services in the UK due to upcoming regulations is leaving us high and dry.
IIRC, there are also other exchanges that have left the UK market because of the regulatory pressure that they're giving to these companies.
That's sad that a lot of good people that are using their services are being pinched on this one even if they don't want to see them leave that market.
This is the effect of these regulations that are not favorable to the people but only to the government.
It's sad that Bybit is exiting UK after Binance did some months ago. I have seen a lot of people argue the pros and cons of this regulations but to me, the safety of users asset is paramount. In as much as there are still exchanges like Bitget operating in the UK, it leaves me to wonder why Bybit is leaving. I think most governments are now sensitive to some of the anomalies in some of this cexs after FTX collapse. If the main reason for this regulations is to protect users assets then so be it but if the government have their own agenda, then DEX will be the way to go.