Bybit, the second-largest cryptocurrency exchange, is temporarily adjusting its operations in the European Economic Area (EEA) to ensure compliance with evolving regulations, particularly regarding reverse solicitation. The company is pursuing a Markets in Crypto-Assets Regulation (MiCAR) license in Austria, aiming to enhance user protection and align with European standards. Existing customers can still access their crypto assets, and Bybit plans to re-engage with EEA clients once the necessary licensing is secured.