Yes, Bybit is implementing Know Your Customer (KYC) requirements. Bybit KYC is now necessary for users who want to access the full range of services on the platform, including withdrawals. Starting May 8, 2023, Bybit made it mandatory for users to complete KYC verification to withdraw more than 20,000 USDT per day or to participate in various promotional activities. This step aims to enhance security and compliance with global regulatory standards. Without completing Bybit KYC, users will face limitations on withdrawals and access to certain features.