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Starting May 8, Know Your Customer (KYC) identity verification will be mandatory for all products and services offered by cryptocurrency exchange Bybit.
According to an April 24 update, Bybit users who have not completed KYC by May 8 can only “close existing open positions or orders, return loans, or withdraw. Any new trading activities will be restricted.” Before the update, non-KYC Bybit users had a daily withdrawal limit of 20,000 (USDT) and a monthly withdrawal limit of 100,000 USDT.
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