In response to regulations, Bybit, a cryptocurrency exchange, has decided to pull out of the French market.
Bybit, a cryptocurrency exchange, announced its decision to withdraw its services from France in response to regulatory developments, stating, "Our primary objective has always been to operate in compliance with all relevant rules and regulations." Effective August 2, French users will no longer be able to make purchases or add to positions on Bybit, and deposits to their accounts will be restricted. Users are instructed to close open positions and withdraw their assets.
In May, the French financial regulator, Autorité des Marchés Financiers (AMF), issued a warning blacklisting Bybit and emphasizing that the company lacked the necessary digital asset service provider license to operate in France. The European Union, including France, is enforcing the Markets in Crypto Asset (MiCA) regime, which requires firms to be registered with an EU nation and hold a Crypto Asset Service Provider license to offer services across Europe. Bybit's lack of compliance with these regulations led to its exit from the French market.
Meanwhile, the crypto exchange like Bitget can be a good alternative right now for crypto investors in France. I found some articles that give insight into Bitget being regulatory compliant in the region
How to buy crypto from Bitget in France
[https://www.bitget.com/blog/articles/buy-crypto-with-credit-debit-cards-in-france](https://www.bitget.com/blog/articles/buy-crypto-with-credit-debit-cards-in-france)
And this event that rewards users from Frances joining Bitget crypto exchange community and dropping a greeting message. [https://www.bitget.com/fr/support/articles/12560603813496](https://www.bitget.com/fr/support/articles/12560603813496)