The French regulatory authority, Autorité des Marchés Financiers (AMF), has issued a warning to Bybit, a prominent cryptocurrency exchange, regarding its operations in France. With over 20 million users, Bybit faces potential prohibition in France due to non-compliance with local regulations. The AMF advises French investors to "prepare for the reality that the exchange's operations could be abruptly halted in our country."

Bybit has been blacklisted by the AMF since May 20, 2022, for failing to adhere to French regulatory standards, casting a shadow over its operations in the country. This development potentially affects thousands of local investors and highlights the importance of regulatory compliance for cryptocurrency exchanges.

While Bybit operates under official licenses in other countries, including a Minimum Viable Product (MVP) Preparation License from the Dubai Virtual Assets Regulatory Authority (VARA), its regulatory non-compliance in France has led to severe repercussions. The AMF has warned investors about the instability of Bybit's operations in France and indicated possible future actions, including blocking access to the exchange's website for French users.

The situation with Bybit in France serves as a critical reminder for cryptocurrency exchanges to comply with local regulations. Investors are advised to stay informed and prepare for any sudden changes in the operation status of exchanges like Bybit in their respective countries.