Bybit has announced its registration as a Virtual Asset Service Provider (VASP) by the National Bank of Georgia, marking a significant step in the company’s commitment to regulatory compliance in the country. This registration aligns with Bybit’s global compliance strategy, which has seen the company secure licenses in key markets such as the Netherlands, Kazakhstan, and Türkiye throughout 2024. Ben Zhou, Co-founder and CEO of Bybit, expressed that this milestone represents a new chapter in the company’s efforts to foster the growth of the crypto ecosystem in Georgia, emphasizing the importance of providing a secure and compliant platform for users. Bybit aims to contribute to Georgia’s digital transformation ambitions by delivering advanced trading solutions and promoting blockchain innovation in the region.

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