Taiwanese cryptocurrency exchange Rybit, which was fined by the Financial Supervisory Commission last week for violating anti-money laundering laws, announced today (8/5) that it will undergo a transformation and suspend its existing personal user platform services from August 23, 2024. Rybit officials emphasized that they will prioritize user rights and assist individual users in transferring their assets from Rybit accounts.
Rybit: Prioritizing User Rights
Sangcoin has confirmed this announcement with Rybit officials, who stated that as the ecosystem matures, Rybit needs to reassess the market’s supply and demand and explore new opportunities. Therefore, personal user platform services will be temporarily suspended.
Regarding users, the officials stated:
