Bybit Obtains Virtual Asset Service Provider License in Georgia

Crypto exchange Bybit has achieved another significant milestone in its global compliance efforts, securing a Virtual Asset Service Provider (VASP) license from Georgia’s National Bank. This registration follows similar approvals in other regions, including the Netherlands and Kazakhstan.

As stated in a press release, Bybit’s registration in Georgia enables the exchange to operate within the country’s growing ecosystem, aligning with its goal to support crypto economic development in new regions.

Compliance and Innovation in Georgia

“This registration highlights our commitment to providing users in Georgia with a secure and compliant platform, further contributing to the region’s ambition of becoming a hotbed for blockchain innovation.”

– Ben Zhou, Bybit Chief Executive

Georgia is rapidly gaining attention from the crypto sector, with the country aiming to become a hub for blockchain innovation. Recent talks between Ripple executives and National Bank Governor Natia Turnava further emphasize Georgia’s interest in leveraging blockchain technology for economic digitalization.

Key Takeaways from Bybit’s VASP License in Georgia

  • Bybit has obtained a VASP license from Georgia’s National Bank, allowing the exchange to operate in the country.
  • The registration aligns with Bybit’s goal to support crypto economic development in new regions.
  • Georgia is gaining attention from the crypto sector, with a focus on blockchain innovation and economic digitalization.

For more news and updates on the crypto sector, visit Global Crypto News.

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