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Is Bybit prohibited in France?
Since August 2024, Bybit has suspended its services in France , although the platform has been withdrawn from the black list of the Financial Markets Authority ( AMF ) in February 2025. This withdrawal from the black list is a regulatory advance, but Bybit remains inaccessible to French users due to the reinforced controls of the AMF and the absence of a recording service provider ( PSAN ).
If you are looking for legal alternatives to Bybit in France , this article explains to you why the platform had to leave the French market , which this implies for traders, and which regulated platforms can replace Bybit in complete compliance.
Table of contents
Why is Bybit prohibited in France?
The French regulatory framework and the AMF requirements
The Financial Markets Authority (AMF) is the regulatory body that oversees Crypto companies in France. Since the 2019 pact law , any exchange of cryptocurrencies wishing to offer its services on French territory must be registered as PSAN .
Bybit was on the AMF black list since May 2022 alongside Bitget , Mexc and Kucoin , because the platform operated without PSAN recording , which legally prevented its promotion and use in France.
In February 2025 , the AMF withdrawn bybit from its black list , recognizing that the Exchange had taken steps to comply with French regulatory requirements . However, despite this victory, Bybit has chosen to temporarily suspend its services in France , including deposits, withdrawals and the guard of the cryptos .
Bybit suspends his services in France despite his withdrawal from the black list
Bybit announced the cessation of its services in France from August 2, 2024 , due to a strengthening of AMF controls on unregistered Exchages.
In an official press release, Ben Zhou , CEO of Bybit, said:
“We have been removed from the AMF black list, but we have to continue our efforts to obtain the MiCA and guarantee total compliance with European regulations. »»
Bybit is not unavailable in France, it is also in the United Kingdom and Canada for example.
Bybit's objective is now to MiCA ( Markets in Crypto-Asets ) license , which would allow Exchange to operate legally throughout the European Union and to return to the French market.
What legal alternatives to Bybit in France?
- Coinbase : Particularly addressing beginners, Coinbase offers an intuitive interface, reactive customer service and simplified purchase ease. His commitment to regulation makes it a key player in the European market.
- Bitvavo : European Exchange based in the Netherlands renowned for its transparent and competitive costs, Bitvavo offers an interface adapted to beginners and experienced traders. It presents the particularity of clearly displaying the user the costs and rare applied spreats, allowing all transparency by avoiding costs that certain exchanges tend to hide.
- Crypto.com : versatile platform, crypto.com is recorded PSAN and offers a wide range of services, including staking , a crypto visa card and attractive yields. Ideal for those looking for an all-in-one solution with an approach centered on consumer adoption.
You can also buy your cryptocurrencies directly from a decentralized wallet (Metamask, Exodus, Trust Wallet ) by holding your funds directly on the blockchain.
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What are the consequences of the Bybit's ban in France?
What French users can no longer do
Since August 2024 , French residents can no longer access the services of Bybit, which includes:
- Create an account on the platform.
- Place or withdraw funds in euros or cryptocurrencies.
- Trader of derivative products, term contracts or options.
- Use staking and crypto savings services offered by Bybit.
What is possible
- Fund withdrawals are always possible, allowing French users to recover their cryptos and transfer them to another regulated platform.
- French users who had open positions had to close them before January 2025 , under penalty of seeing their positions liquidated automatically.
Can Bybit come back to France?
Bybit's objective: get the MiCA license
Bybit now targets MiCA license , which will become compulsory for all exchanges wishing to offer their services in Europe. By obtaining this certification, Bybit could reintegrate the French market in a legal and sustainable manner .
However, other exchanges like OKX , Crypto.com and Bitget have already advanced on this dossier and are on track to secure their place on the European market.
What are the challenges to be met?
Even if Bybit has been removed from the AMF black list, there are several obstacles to overcome:
- Obtaining a MiCA , a process that takes time and requires strict compliance with the requirements of the European Union.
- Comply with AMF rules , particularly in the fight against money laundering and investor protection.
- Restore the confidence of French users , which must now choose compliant alternative platforms .
Can we get around the Bybit's ban in France with a VPN?
The use of a VPN to access Bybit from France is technically possible, but it violates the conditions of use of the platform . Bybit can block or freeze the accounts identified as belonging to French residents trying to bypass the prohibition.
In which Bybit countries is it accepted?
Bybit is available in more than 160 countries , but some jurisdictions impose strict restrictions on him. Among the territories where the platform is restricted , we find the United States, China, Singapore, the United Kingdom and France , due to rigorous regulatory frameworks or sanctions. Other regions, such as Crimea, Donetsk and Luhansk , are also prohibited from access for geopolitical reasons.
Towards regulation beyond Europe for Bybit
In parallel, Bybit works on the acquisition of additional licenses, especially in Hong Kong , a major hub for cryptocurrency in Asia. These approaches aim to strengthen the protection of users and guarantee the compliance of the platform against local regulations.
Bybit licenses and regulations
Bybit has already obtained several regulatory authorizations allowing him to offer his services legally on various international markets. Among the most notable:
- Kazakhstan : Registration with the Astana Financial Services Authority (AFSA) , which allows Bybit to operate as a regulated digital asset trading conservation and investment management services .
- Cyprus : Approval for providing trading and crypto-active trading services , in accordance with European regulatory standards.
- Georgia : Registration as a virtual asset service provider (VASP) with the National Bank of Georgia , thus ensuring its compliance with local regulations.
- Dubai : Obtaining a provisional license from the Virtual Asset Regulatory Authority (VARA) , a key step towards a complete authorization to serve private and institutional investors.
Thanks to these regulatory approvals , Bybit continues to extend its presence in various markets while respecting local legal requirements.
Conclusion: Bybit prohibited in France, what solutions for traders?
Bybit is prohibited in France for the moment. This is a direct consequence of strengthening the regulations of the AMF and the lack of PSAN recording . Despite its withdrawal from the black list , Bybit preferred to suspend its services temporarily while waiting to obtain MiCA license to return legally to the European market.
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AMF recommendations. There is no guaranteed high yield, a product with high performance potential implies a high risk. This risk taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital .
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Yohan Uzzan
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
