Why is Bybit restricted?

Why is Bybit restricted? This question has been lingering in the minds of many cryptocurrency enthusiasts and traders. As a leading cryptocurrency exchange, Bybit enjoys a significant presence in the global crypto market. However, recent developments indicate that the platform faces certain restrictions in certain regions. Could it be due to regulatory concerns? Or is it because of potential security risks? We need to delve deeper into the matter and understand the reasons behind these restrictions. Is it a temporary measure or a permanent ban? How does it impact traders and investors? These are some of the questions that need to be answered to get a clearer picture of the situation.