Bybit has given Brazilian business users who received a request until Aug. 21 to complete additional verification. Noncompliant accounts will first face restrictions, then have open positions on restricted products force-liquidated at market price starting Sept. 21, while unsupported fiat balances will be automatically converted to USDT. A migration to a Brazil-based entity is scheduled for Sept. 24 for eligible users, with fiat services limited to the Brazilian real. These measures align with Brazil’s central bank framework, which subjects virtual-asset service providers to Resolutions 519, 520 and 521 effective since Feb. 2.
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