PANews reported on December 3 that according to Hong Kong media Sing Tao Daily, the cryptocurrency exchange Bybit had previously withdrawn its license application in Hong Kong. Its co-founder and CEO Ben Zhou said that it plans to resubmit the Hong Kong license application in the first quarter or first half of next year, and admitted that applying for a license in Hong Kong is not for the Hong Kong market, but mainly to attract talent.

Ben Zhou also said that currently the mainland cannot access Bybit's IP and website. In the near future, the KYC service for mainland users' passports and ID cards will be opened to overseas Chinese. After consulting legal opinions, RMB business will not be opened. In addition, Bybit has no plans to enter the US market for the time being. It will wait and see the changes after the new chairman of the US Securities and Exchange Commission (SEC) takes office before making a decision. The current priority is to obtain a European license. At the same time, it has also applied for a Singapore license and hopes to be approved in Singapore next year.