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Bybit to Temporarily Halt Crypto Trading in India, Citing Regulations

Crypto exchange Bybit said it will temporarily suspend its services for its users in India in response to regulation in the country. The Dubai based company intends to prevent its customers in India from being able to open new trades or access products on the platform from Sunday. "The only exception will be withdrawals," the company said in a blog post on Friday. The stoppage may be short-lived. Bybit said it is working to finalize its registration as a Virtual Digital Asset Service Provider under India law, "which we expect to secure in the coming weeks." "We are committed to resuming full service as soon as we have completed our registration process with the FIU," it added. In March 2023, India mandated that crypto companies would have to register with the Financial Intelligence Unit (FIU) that tackles anti-money laundering matters. Providers also had to comply with other processes under the Prevention of Money Laundering Act (PMLA) such as verifying customers. India`s finance ministry told CoinDesk last year that the rules applied to offshore exchanges and appropriate action would be taken against non-compliant off-shore platforms. CoinDesk reached out to Bybit for a comment. U.Today

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Don’t Miss Out: Qubetics’ Best Crypto Presale 2025 and 2 More Coins to Watch This Weekend

The cryptocurrency market never sleeps, and neither do its enthusiasts. With projects constantly evolving and new innovations reshaping the landscape, knowing which coins to keep an eye on can be a game-changer. This weekend, three names stand out: Qubetics ($TICS), Gala, and Injective. Each of these projects is making waves in its own way, but Qubetics is leading the charge with what’s being hailed as the best crypto presale of 2025. Let’s dive into why these three are the ones to watch. 1. Qubetics ($TICS): Redefining Blockchain with Real-World Applications Latest Developments: The Best Crypto Presale 2025 Qubetics is shaking up the crypto world, and its presale is nothing short of phenomenal. Now in its 16th stage, Qubetics has already sold over 409 million tokens to more than 13,900 holders, raising an impressive $9.1 million. At just $0.0455 per token, the presale offers a rare opportunity for early adopters to get in before the price soars. Analysts are predicting significant returns for $TICS holders. At the presale’s end, the token is expected to reach $0.25, delivering a whopping 448% ROI. But that’s just the beginning. Post-presale, projections suggest $1, $5, or even $15 after the mainnet launch. The potential for up to 32,816% ROI is turning heads and making Qubetics a standout in the best crypto presale 2025. Real-World Asset Tokenization: The Game Changer One of Qubetics ’ flagship features is its focus on real-world asset tokenization . Imagine owning a fraction of a luxury condo in Miami or investing in a fleet of commercial trucks without the hassle of traditional ownership. With Qubetics, assets like real estate, vehicles, and even art can be tokenized and traded on the blockchain. This opens up investment opportunities to a broader audience, breaking down barriers that have traditionally kept wealth generation out of reach for many. For instance, a small business owner in Chicago might use Qubetics to tokenize their equipment, securing capital without taking on debt. Meanwhile, a family in New York could invest in tokenized real estate, earning passive income without the headache of property management. The possibilities are endless, and Qubetics is making them a reality. Why Did This Coin Make It to This List? Qubetics isn’t just another presale; it’s a revolution. With its groundbreaking technology, impressive presale stats, and real-world applications, it’s no wonder Qubetics is leading the pack. If you’re searching for the best crypto presale 2025, this is it. 2. Gala: The Future of Entertainment on the Blockchain Latest Developments: Expanding the Ecosystem Gala has been a pioneer in blockchain-based gaming and entertainment, and its recent developments prove it’s here to stay. The platform has announced new partnerships with major gaming studios, introducing more AAA-quality blockchain games to its ecosystem. Additionally, Gala’s foray into music and film is gaining traction, offering fans and creators new ways to connect and monetize their work. The recent launch of a highly anticipated game has boosted user engagement, with thousands flocking to the platform. Gala’s ecosystem is growing rapidly, and its native token is seeing increased utility as users spend it on games, in-game assets, and other entertainment services. Market Performance and Adoption While the broader crypto market has been volatile, Gala has shown resilience. Its focus on real-world applications in gaming and entertainment has given it a unique edge. With more people recognizing the value of blockchain in these industries, Gala is well-positioned for long-term growth. Why Did This Coin Make It to This List? Gala’s ability to merge blockchain with mainstream entertainment makes it a top contender. Its continuous innovation and growing user base ensure it remains a project to watch in 2025. 3. Injective: Powering the Decentralized Economy Latest Developments: Innovations in DeFi Injective is rewriting the rules of decentralized finance (DeFi) with its fast, scalable, and secure infrastructure. The platform’s recent integration with major DeFi protocols has expanded its ecosystem, enabling seamless cross-chain trading and lending. Injective’s focus on user experience has also led to the introduction of new tools, making DeFi more accessible to everyday users. One of Injective’s standout features is its commitment to decentralization. Unlike many platforms that still rely on centralized components, Injective ensures that every aspect of its network is governed by its community. This not only builds trust but also fosters innovation. Market Impact and Community Growth Injective’s native token has experienced steady growth, driven by its expanding utility and active community. The platform’s user-friendly interface and robust security measures have made it a favorite among DeFi enthusiasts. As more projects integrate with Injective, its influence in the crypto space is only set to grow. Why Did This Coin Make It to This List? Injective’s dedication to decentralization and its continuous ecosystem growth make it a standout project. It’s a perfect example of how blockchain can power the decentralized economy, securing its place as one of the best coins to watch this weekend. Final Words Based on our research and analysis, Qubetics , Gala, and Injective are three projects that deserve your attention this weekend. Qubetics’ best crypto presale 2025 is setting a new standard, Gala is transforming entertainment, and Injective is leading the charge in DeFi. Together, they represent the future of blockchain technology. Opportunities like these don’t come around every day. Whether you’re an experienced investor or just getting started, these three coins offer a mix of innovation, practicality, and potential that’s hard to ignore. Ready to make your move? Dive in and be part of the blockchain revolution today. For More Information: Qubetics: https://qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://twitter.com/qubetics Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . U.Today