Crypto exchange Bybit is looking for ways to stay in the U.K. even as changes in financial promotions rules set to take effect next month have already prompted some companies to cut back on their services, according to CEO Ben Zhou.
“Leaving the U.K. is not part of our current strategy,” Zhou said in a Telegram message.
The comment follows an earlier report in the Block citing the CEO as saying the exchange may withdraw from the country if it has no choice once the new rules take effect.
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The U.K.’s financial promotions regime will extend to crypto companies on Oct. 8 and affect
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