Cryptocurrency exchange Bybit is temporarily suspending all Bybit Earn purchases and subscriptions for Hong Kong users as part of its commitment to compliance.
Access for Hong Kong users will be suspended at 10:00 UTC on August 14, 2023.
In addition, Bybit notes that Hong Kong users who have previously purchased, subscribed to, or invested their funds in Earn products with specific settlement dates, such as Fixed Savings, Dual Assets, Pool of Funds, and other linked offerings, can be assured that these products will continue to meet their scheduled settlement dates. Income and/or interest earned on these products will not be affected.
However, these products will no longer be available for redemption after their respective settlement dates.
The exchange warns Hong Kong clients that products without specific settlement dates, including Flexible Savings, Liquidity Mining, and similar offerings, will be subject to a mandatory withdrawal process. This process will take place automatically on August 31 at 8:00 UTC.
Therefore, all eligible users are advised to manually cancel their investments before the deadline to avoid any issues in the withdrawal process.
For any questions, the exchange asks users to contact its support team.
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